Fresnillo’s (FRES) Buy Rating Reaffirmed at Berenberg Bank

Fresnillo (LON:FRES)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a research report issued to clients and investors on Tuesday,London Stock Exchange reports. They presently have a GBX 2,600 price objective on the stock. Berenberg Bank’s price objective points to a potential upside of 19.71% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Royal Bank Of Canada lifted their price target on shares of Fresnillo from GBX 1,200 to GBX 1,400 and gave the company a “sector perform” rating in a research note on Monday, August 11th. Canaccord Genuity Group boosted their price objective on shares of Fresnillo from GBX 980 to GBX 2,440 and gave the stock a “hold” rating in a research report on Friday, October 17th. Citigroup boosted their price objective on shares of Fresnillo from GBX 1,300 to GBX 1,700 and gave the stock a “buy” rating in a research report on Thursday, July 10th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Fresnillo from GBX 1,850 to GBX 2,100 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,048.

Fresnillo Trading Down 1.5%

Shares of LON FRES traded down GBX 32 during mid-day trading on Tuesday, hitting GBX 2,172. The company’s stock had a trading volume of 949,585 shares, compared to its average volume of 3,162,805. The stock has a market cap of £16.01 billion, a price-to-earnings ratio of 35.15, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15. The company’s fifty day simple moving average is GBX 2,218.16 and its 200-day simple moving average is GBX 1,647.49. The company has a debt-to-equity ratio of 23.55, a current ratio of 5.88 and a quick ratio of 3.28. Fresnillo has a one year low of GBX 609.50 and a one year high of GBX 2,650.

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.