Fresnillo (LON:FRES) Stock Rating Reaffirmed as “Hold” by Berenberg Bank

Fresnillo (LON:FRES)‘s stock had its “hold” rating reissued by equities research analysts at Berenberg Bank in a research note issued to investors on Thursday, Digital Look reports. They currently have a GBX 2,800 price target on the stock. Berenberg Bank’s target price indicates a potential upside of 11.60% from the stock’s previous close.

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

Fresnillo Trading Down 4.7%

FRES opened at GBX 2,509 on Thursday. Fresnillo has a twelve month low of GBX 2,012 and a twelve month high of GBX 4,472. The company has a fifty day moving average of GBX 2,911.37 and a 200-day moving average of GBX 3,017.70. The stock has a market cap of £18.49 billion, a PE ratio of 8.11, a price-to-earnings-growth ratio of -1.58 and a beta of 0.81. The company has a quick ratio of 3.28, a current ratio of 6.35 and a debt-to-equity ratio of 16.67.

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.