Fresnillo’s (FRES) Hold Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their hold rating on shares of Fresnillo (LON:FRES) in a report issued on Thursday,Digital Look reports. The firm currently has a GBX 2,800 price objective on the stock.

Several other analysts also recently commented on FRES. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 2,700 target price on shares of Fresnillo in a report on Tuesday, August 4th. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 3,200 price target on shares of Fresnillo in a report on Monday, September 14th. Finally, JPMorgan Chase & Co. downgraded 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 report on Thursday, July 16th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of GBX 3,516.67.

Fresnillo Trading Down 6.2%

LON FRES opened at GBX 2,309 on Thursday. The firm has a market capitalization of £17.01 billion, a P/E ratio of 7.46, a PEG ratio of -1.58 and a beta of 0.81. The business has a fifty day simple moving average of GBX 2,891.80 and a 200 day simple moving average of GBX 3,005.94. Fresnillo has a 12 month low of GBX 2,012 and a 12 month high of GBX 4,472. The company has a current ratio of 6.35, a quick ratio of 3.28 and a debt-to-equity ratio of 16.67.

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.