Fresnillo (LON:FRES) Given Buy Rating at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Fresnillo (LON:FRES) in a research note published on Tuesday, MarketBeat.com reports. Berenberg Bank currently has a GBX 2,600 price target on the stock.

Other analysts also recently issued research reports about the stock. Citigroup raised their price target on shares of Fresnillo from GBX 1,300 to GBX 1,700 and gave the stock a “buy” rating in a research report on Thursday, July 10th. Royal Bank Of Canada raised their price target on shares of Fresnillo from GBX 1,200 to GBX 1,400 and gave the stock a “sector perform” rating in a research report on Monday, August 11th. Canaccord Genuity Group raised their price target on shares of Fresnillo from GBX 980 to GBX 2,440 and gave the stock a “hold” rating in a research report on Friday, October 17th. Finally, JPMorgan Chase & Co. raised their price target on shares of Fresnillo from GBX 1,850 to GBX 2,100 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 2,048.

Fresnillo Stock Down 1.5%

Shares of LON:FRES opened at GBX 2,172 on Tuesday. Fresnillo has a 52-week low of GBX 609.50 and a 52-week high of GBX 2,650. 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 company has a market capitalization of £16.01 billion, a price-to-earnings ratio of 35.15, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15. The company has a 50 day moving average of GBX 2,226.78 and a two-hundred day moving average of GBX 1,655.60.

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.