Berenberg Bank Cuts Fresnillo (LON:FRES) Price Target to GBX 2,900

Fresnillo (LON:FRES) had its price target reduced by Berenberg Bank from GBX 3,300 to GBX 2,900 in a research report released on Wednesday,Digital Look reports. They currently have a hold rating on the stock.

FRES has been the subject of a number of other research reports. Jefferies Financial Group reiterated a “hold” rating and set a GBX 2,700 price objective on shares of Fresnillo in a report on Tuesday. Citigroup upped their target price on shares of Fresnillo from GBX 4,600 to GBX 5,000 and gave the stock a “buy” rating in a research note on Monday, April 13th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 3,200 target price on shares of Fresnillo in a research report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. lowered shares of Fresnillo to an “overweight” rating and reduced their target price for the stock from GBX 5,400 to GBX 4,700 in a research report on Thursday, July 16th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Fresnillo presently has an average rating of “Hold” and a consensus price target of GBX 3,490.

Fresnillo Stock Up 4.6%

Shares of LON FRES opened at GBX 2,864 on Wednesday. The company has a market cap of £21.10 billion, a P/E ratio of 15.25, a PEG ratio of -1.58 and a beta of 0.70. The firm has a 50-day simple moving average of GBX 2,791.35 and a two-hundred day simple moving average of GBX 3,322.94. Fresnillo has a 1 year low of GBX 1,617 and a 1 year high of GBX 4,472. The company has a debt-to-equity ratio of 16.67, a current ratio of 6.35 and a quick ratio of 3.28.

Fresnillo Company Profile

Fresnillo plc is the world’s largest silver producer and Mexico’s largest gold producer, listed on the London and Mexican stock exchanges.
The Group seeks to create value for stakeholders across precious metal cycles, focusing on high-potential silver and gold projects that can be developed into low cost, world-class mines.
Following a decade of consistent and successful progress, the Group is now focused on consolidating its growth and advancing its pipeline in order to deliver further growth in the years ahead.