Fresnillo (LON:FRES) Given New GBX 2,900 Price Target at Berenberg Bank

Fresnillo (LON:FRES) had its price objective lowered by equities researchers at Berenberg Bank from GBX 3,300 to GBX 2,900 in a report released on Wednesday,Digital Look reports. The firm currently has a “hold” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 8.45% from the stock’s current price.

Several other brokerages have also commented on FRES. Citigroup increased their price target 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. JPMorgan Chase & Co. lowered shares of Fresnillo to an “overweight” rating and reduced their price objective for the company from GBX 5,400 to GBX 4,700 in a research note on Thursday, July 16th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 2,700 price objective on shares of Fresnillo in a report on Tuesday. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 3,200 target price on shares of Fresnillo in a research report on Thursday, July 23rd. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of GBX 3,490.

Fresnillo Price Performance

Shares of FRES opened at GBX 2,674 on Wednesday. The company has a debt-to-equity ratio of 18.37, a quick ratio of 3.28 and a current ratio of 4.35. The firm has a market cap of £19.70 billion, a PE ratio of 14.24, a PEG ratio of -1.58 and a beta of 0.70. The firm’s 50 day moving average price is GBX 2,819.40 and its 200 day moving average price is GBX 3,340.09. Fresnillo has a twelve month low of GBX 1,512 and a twelve month high of GBX 4,472.

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.