Fresnillo (LON:FRES) PT Raised to GBX 570 at Berenberg Bank

Fresnillo (LON:FRES) had its price target hoisted by stock analysts at Berenberg Bank from GBX 480 ($5.93) to GBX 570 ($7.04) in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s price target points to a potential downside of 2.40% from the stock’s current price.

Fresnillo Stock Up 0.9 %

FRES opened at GBX 584 ($7.21) on Thursday. Fresnillo has a 1-year low of GBX 435.20 ($5.38) and a 1-year high of GBX 739.26 ($9.13). The company has a current ratio of 4.14, a quick ratio of 3.28 and a debt-to-equity ratio of 23.33. The stock has a market capitalization of £4.30 billion, a price-to-earnings ratio of 2,336.00, a P/E/G ratio of -1.58 and a beta of 0.26. The business has a 50 day moving average of GBX 506.45 and a 200-day moving average of GBX 528.98.

About Fresnillo

Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. It operates through seven segments: Fresnillo, Saucito, Ciénega, Herradura, Noche Buena, San Julián, and Juanicipio. The company primarily explores for silver, gold, lead, and zinc concentrates. Its projects include the Fresnillo silver mine located in the state of Zacatecas; Saucito silver mine situated in the state of Zacatecas; Ciénega gold mine located in the state of Durango; Herradura gold mine situated in the state of Sonora; Noche Buena gold mine located in the state of Sonora; San Julián silver-gold mine situated on the border of Chihuahua/Durango states; and Juanicipio mine located in the state of Zacatecas.