Fresnillo (LON:FRES) Cut to “Hold” at Berenberg Bank

Fresnillo (LON:FRES) was downgraded by stock analysts at Berenberg Bank to a “hold” rating in a research note issued on Thursday, MarketBeat Ratings reports. They currently have a GBX 3,800 price objective on the stock, up from their previous price objective of GBX 3,400. Berenberg Bank’s price objective would suggest a potential downside of 5.19% from the company’s current price.

Several other research analysts have also weighed in on the company. Canaccord Genuity Group increased their price objective on Fresnillo from GBX 980 to GBX 2,440 and gave the stock a “hold” rating in a research report on Friday, October 17th. Citigroup raised their price objective on Fresnillo from GBX 4,000 to GBX 4,600 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Fresnillo from GBX 4,700 to GBX 4,500 and set an “overweight” rating on the stock in a report on Monday. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of GBX 3,348.

Fresnillo Trading Up 2.7%

LON:FRES traded up GBX 106 on Thursday, hitting GBX 4,008. The stock had a trading volume of 29,536,727 shares, compared to its average volume of 13,900,423. The company has a fifty day moving average price of GBX 3,382.36 and a two-hundred day moving average price of GBX 2,521.81. Fresnillo has a 1-year low of GBX 716 and a 1-year high of GBX 4,472. The company has a quick ratio of 3.28, a current ratio of 5.88 and a debt-to-equity ratio of 23.55. The stock has a market cap of £29.53 billion, a price-to-earnings ratio of 64.85, a PEG ratio of -1.58 and a beta of 0.15.

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.