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

Fresnillo (LON:FRESGet Rating)‘s stock had its “hold” rating reiterated by Berenberg Bank in a report released on Tuesday, MarketBeat reports. They currently have a GBX 800 ($10.20) price objective on the stock.

FRES has been the topic of several other research reports. Citigroup reaffirmed a “buy” rating and set a GBX 1,100 ($14.02) target price on shares of Fresnillo in a research note on Wednesday, March 9th. Barclays reissued an “equal weight” rating and issued a GBX 860 ($10.96) target price on shares of Fresnillo in a report on Monday, February 28th. Morgan Stanley restated an “equal weight” rating and set a GBX 750 ($9.56) target price on shares of Fresnillo in a research report on Thursday, April 14th. Finally, Royal Bank of Canada restated an “outperform” rating and set a GBX 1,175 ($14.98) target price on shares of Fresnillo in a research report on Wednesday, April 20th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 1,045.63 ($13.33).

Shares of FRES opened at GBX 800 ($10.20) on Tuesday. Fresnillo has a 1-year low of GBX 610.60 ($7.78) and a 1-year high of GBX 997.60 ($12.71). The company’s fifty day moving average price is GBX 744.15 and its 200-day moving average price is GBX 807.51. The company has a debt-to-equity ratio of 33.56, a current ratio of 4.45 and a quick ratio of 3.49. The firm has a market capitalization of £5.90 billion and a PE ratio of 18.05.

Fresnillo Company Profile (Get Rating)

Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. The company primarily explores for silver, gold, lead, and zinc concentrates. Its flagship project is Fresnillo silver mine located in the state of Zacatecas. The company has mining concessions covering an area of approximately 1.7 million hectares of surface land in Mexico.

Featured Articles

Analyst Recommendations for Fresnillo (LON:FRES)

Receive News & Ratings for Fresnillo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fresnillo and related companies with MarketBeat.com's FREE daily email newsletter.