Fresnillo (LON:FRES) Rating Lowered to Hold at Berenberg Bank

Fresnillo (LON:FRES) was downgraded by equities research analysts at Berenberg Bank to a “hold” rating in a report issued on Thursday, MarketBeat reports. They currently have a GBX 3,800 price target on the stock, up from their previous price target of GBX 3,400. Berenberg Bank’s price target would indicate a potential upside of 6.86% from the stock’s previous close.

FRES has been the subject of several other reports. Canaccord Genuity Group boosted their price objective on Fresnillo from GBX 980 to GBX 2,440 and gave the stock a “hold” rating in a research report on Friday, October 17th. Citigroup boosted their price target on Fresnillo from GBX 4,000 to GBX 4,600 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Finally, JPMorgan Chase & Co. decreased their price target on Fresnillo from GBX 4,700 to GBX 4,500 and set an “overweight” rating for the company in a research note on Monday, February 2nd. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of GBX 3,348.

Fresnillo Price Performance

LON FRES opened at GBX 3,556 on Thursday. Fresnillo has a 52 week low of GBX 716 and a 52 week high of GBX 4,472. The company has a current ratio of 5.88, a quick ratio of 3.28 and a debt-to-equity ratio of 23.55. The stock has a market cap of £26.20 billion, a price-to-earnings ratio of 57.54, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15. The company has a 50-day moving average price of GBX 3,429.52 and a two-hundred day moving average price of GBX 2,546.43.

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.