Berenberg Bank Reaffirms “Buy” Rating for Fresnillo (LON:FRES)

Fresnillo (LON:FRES)‘s stock had its “buy” rating reissued by stock analysts at Berenberg Bank in a report issued on Wednesday, Marketbeat reports. They presently have a GBX 1,620 ($21.88) price objective on the stock. Berenberg Bank’s price target would suggest a potential upside of 13.05% from the stock’s current price.

Several other research firms have also recently commented on FRES. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Fresnillo in a research note on Thursday. Canaccord Genuity Group increased their price objective on shares of Fresnillo from GBX 805 ($10.87) to GBX 980 ($13.24) and gave the company a “hold” rating in a research note on Thursday, April 24th. Finally, Citigroup raised their price objective on shares of Fresnillo from GBX 1,300 ($17.56) to GBX 1,700 ($22.96) and gave the stock a “buy” rating in a report on Thursday, July 10th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Fresnillo presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,406 ($18.99).

Fresnillo Stock Performance

Shares of FRES stock opened at GBX 1,433 ($19.36) on Wednesday. The company’s fifty day simple moving average is GBX 1,352.84 and its 200-day simple moving average is GBX 1,026.77. The company has a current ratio of 5.88, a quick ratio of 3.28 and a debt-to-equity ratio of 23.55. Fresnillo has a 52 week low of GBX 502 ($6.78) and a 52 week high of GBX 1,566 ($21.15). The company has a market cap of £13.24 billion, a PE ratio of 53.41, a P/E/G 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.