Fresnillo (LON:FRES) Price Target Raised to GBX 570 at Berenberg Bank

Fresnillo (LON:FRES) had its price target lifted by analysts at Berenberg Bank from GBX 480 ($5.93) to GBX 570 ($7.04) in a research note issued to investors on Thursday, Digital Look reports. The brokerage currently has a “hold” rating on the stock. Berenberg Bank’s price objective indicates a potential downside of 3.55% from the stock’s previous close.

Fresnillo Stock Performance

Shares of FRES opened at GBX 591 ($7.30) on Thursday. The stock’s 50-day simple moving average is GBX 504.52 and its 200 day simple moving average is GBX 528.61. The stock has a market capitalization of £4.36 billion, a price-to-earnings ratio of 2,358.00, a price-to-earnings-growth ratio of -1.58 and a beta of 0.26. The company has a debt-to-equity ratio of 23.33, a quick ratio of 3.28 and a current ratio of 4.14. Fresnillo has a 52-week low of GBX 435.20 ($5.38) and a 52-week high of GBX 739.26 ($9.13).

Fresnillo Company Profile

Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. It operates through seven segments: Fresnillo, Saucito, Ciénega, Herradura, Noche Buena, San Julián, and Juanicipio. The company primarily explores for silver, gold, lead, and zinc concentrates. Its projects include the Fresnillo silver mine located in the state of Zacatecas; Saucito silver mine situated in the state of Zacatecas; Ciénega gold mine located in the state of Durango; Herradura gold mine situated in the state of Sonora; Noche Buena gold mine located in the state of Sonora; San Julián silver-gold mine situated on the border of Chihuahua/Durango states; and Juanicipio mine located in the state of Zacatecas.