Fresnillo (LON:FRES) Given Hold Rating at Berenberg Bank

Fresnillo (LON:FRES)‘s stock had its “hold” rating reaffirmed by analysts at Berenberg Bank in a research note issued on Thursday, Digital Look reports. They presently have a GBX 2,800 target price on the stock. Berenberg Bank’s target price indicates a potential upside of 10.89% from the stock’s previous close.

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

Fresnillo Stock Performance

Shares of FRES opened at GBX 2,525 on Thursday. The firm has a market cap of £18.61 billion, a P/E ratio of 8.16, a PEG ratio of -1.58 and a beta of 0.81. Fresnillo has a twelve month low of GBX 2,012 and a twelve month high of GBX 4,472. The company has a debt-to-equity ratio of 16.67, a quick ratio of 3.28 and a current ratio of 6.35. The firm’s 50 day moving average price is GBX 2,911.37 and its two-hundred day moving average price is GBX 3,017.70.

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.