Fresnillo’s (FRES) Hold Rating Reiterated at Berenberg Bank

Berenberg Bank reiterated their hold rating on shares of Fresnillo (LON:FRES – Free Report) in a research note issued to investors on Thursday morning,Digital Look reports. The brokerage currently has a GBX 3,300 target price on the stock.

Other equities analysts also recently issued research reports about the company. Citigroup upped their price objective on 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 target price for the company from GBX 5,400 to GBX 4,700 in a research note on Thursday, July 16th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 3,700 target price on shares of Fresnillo in a research note on Monday, April 27th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of GBX 3,728.

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Fresnillo Trading Up 2.0%

Shares of FRES stock opened at GBX 2,546 on Thursday. The company has a 50 day moving average of GBX 2,921.73 and a 200-day moving average of GBX 3,394.63. The company has a quick ratio of 3.28, a current ratio of 4.35 and a debt-to-equity ratio of 18.37. Fresnillo has a 12-month low of GBX 1,371 and a 12-month high of GBX 4,472. The firm has a market cap of £18.76 billion, a P/E ratio of 13.56, a PEG ratio of -1.58 and a beta of 0.72.

Fresnillo Company Profile

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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.

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