Berenberg Bank Cuts Fresnillo (LON:FRES) Price Target to GBX 2,900

Fresnillo (LON:FRES) had its price objective dropped by equities researchers at Berenberg Bank from GBX 3,300 to GBX 2,900 in a research report issued on Wednesday,Digital Look reports. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s price objective suggests a potential upside of 8.45% from the company’s previous close.

Several other equities research analysts have also recently weighed in on FRES. Citigroup increased their target price on shares of Fresnillo from GBX 4,600 to GBX 5,000 and gave the company a “buy” rating in a research note on Monday, April 13th. JPMorgan Chase & Co. lowered Fresnillo to an “overweight” rating and lowered their price target for the company from GBX 5,400 to GBX 4,700 in a research note on Thursday, July 16th. Jefferies Financial Group restated a “hold” rating and set a GBX 2,700 price target on shares of Fresnillo in a research note on Tuesday. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 3,200 price target on shares of Fresnillo in a report on Thursday, July 23rd. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of GBX 3,490.

Fresnillo Stock Performance

LON FRES opened at GBX 2,674 on Wednesday. The company has a debt-to-equity ratio of 18.37, a current ratio of 4.35 and a quick ratio of 3.28. The firm has a market capitalization of £19.70 billion, a price-to-earnings ratio of 14.24, a P/E/G ratio of -1.58 and a beta of 0.70. The company’s fifty day moving average is GBX 2,819.40 and its two-hundred day moving average is GBX 3,340.09. Fresnillo has a 52-week low of GBX 1,512 and a 52-week 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.