Fresnillo (LON:FRES) Stock Keeps “Hold” Rating at 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 presently have a GBX 2,800 target price on the stock. Berenberg Bank‘s price objective would suggest a potential upside of 18.39% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. cut shares of Fresnillo to an “overweight” rating and decreased their price objective for the company from GBX 5,400 to GBX 4,700 in a research report on Thursday, July 16th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 2,700 target price on shares of Fresnillo in a report on Tuesday, August 4th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 3,200 target price on shares of Fresnillo in a research note on Monday, September 14th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 3,516.67.

Fresnillo Trading Up 0.3%

FRES traded up GBX 7 during trading on Thursday, hitting GBX 2,365. 1,563,597 shares of the stock traded hands, compared to its average volume of 14,801,671. The firm has a market capitalization of £17.43 billion, a P/E ratio of 7.64, a price-to-earnings-growth ratio of -1.58 and a beta of 0.81. The company has a debt-to-equity ratio of 16.67, a current ratio of 6.35 and a quick ratio of 3.28. The firm has a 50-day moving average of GBX 2,877.36 and a 200 day moving average of GBX 3,212.65. Fresnillo has a 12-month low of GBX 2,012 and a 12-month high of GBX 4,472.

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.