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

Fresnillo (LON:FRES)‘s stock had its “hold” rating restated by 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 points to a potential upside of 10.89% from the stock’s current price.

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

Fresnillo Price Performance

Shares of FRES opened at GBX 2,525 on Thursday. The company has a current ratio of 6.35, a quick ratio of 3.28 and a debt-to-equity ratio of 16.67. Fresnillo has a 1 year low of GBX 2,012 and a 1 year high of GBX 4,472. The stock has a market cap of £18.61 billion, a P/E ratio of 8.16, a price-to-earnings-growth ratio of -1.58 and a beta of 0.81. The stock’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.