Fresnillo (LON:FRES) Stock Keeps Hold Rating at Berenberg Bank

Fresnillo (LON:FRES)‘s stock had its “hold” rating restated by equities research analysts at Berenberg Bank in a report released on Thursday, Digital Look reports. They presently have a GBX 2,800 price target on the stock. Berenberg Bank‘s price objective suggests a potential upside of 21.26% from the stock’s current price.

Other analysts have also recently issued reports about the stock. JPMorgan Chase & Co. cut shares of Fresnillo to an “overweight” rating and reduced their price objective for the stock from GBX 5,400 to GBX 4,700 in a research note on Thursday, July 16th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 2,700 price objective on shares of Fresnillo in a report on Tuesday, August 4th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 3,200 target price on shares of Fresnillo in a research note on Monday, September 14th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Fresnillo presently has an average rating of “Hold” and an average price target of GBX 3,516.67.

Fresnillo Price Performance

Shares of FRES opened at GBX 2,309 on Thursday. The firm has a market cap of £17.01 billion, a PE ratio of 7.46, a PEG ratio of -1.58 and a beta of 0.81. The firm’s 50 day moving average price is GBX 2,891.80 and its 200 day moving average price is GBX 3,005.94. The company has a debt-to-equity ratio of 16.67, a quick ratio of 3.28 and a current ratio of 6.35. Fresnillo has a twelve month low of GBX 2,012 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.