Fresnillo’s (FRES) “Hold” Rating Reaffirmed at Berenberg Bank

Fresnillo (LON:FRES)‘s stock had its “hold” rating reiterated by analysts at Berenberg Bank in a research note issued to investors on Thursday,Digital Look reports. They currently have a GBX 3,300 price objective on the stock. Berenberg Bank’s price target indicates a potential upside of 27.36% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Citigroup raised their price target on shares of Fresnillo from GBX 4,600 to GBX 5,000 and gave the company a “buy” rating in a report on Monday, April 13th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 3,700 price objective on shares of Fresnillo in a research report on Monday, April 27th. Finally, JPMorgan Chase & Co. cut Fresnillo to an “overweight” rating and lowered their target price for the company from GBX 5,400 to GBX 4,700 in a research note on Thursday, July 16th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of GBX 3,728.

Fresnillo Stock Performance

Fresnillo stock opened at GBX 2,591 on Thursday. The firm has a market capitalization of £19.09 billion, a P/E ratio of 13.80, a P/E/G ratio of -1.58 and a beta of 0.72. The stock has a fifty day moving average price of GBX 2,962.02 and a two-hundred day moving average price of GBX 3,406.63. The company has a debt-to-equity ratio of 18.37, a current ratio of 4.35 and a quick ratio of 3.28. Fresnillo has a 52-week low of GBX 1,371 and a 52-week high of GBX 4,472.

About Fresnillo

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.