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

Berenberg Bank restated their hold rating on shares of Fresnillo (LON:FRES) in a research report sent to investors on Thursday morning,Digital Look reports. The firm currently has a GBX 3,300 price objective on the stock.

A number of other equities analysts have also weighed in on FRES. Citigroup lifted their price objective on shares of Fresnillo from GBX 4,600 to GBX 5,000 and gave the company a “buy” rating in a research report on Monday, April 13th. JPMorgan Chase & Co. downgraded shares of Fresnillo to an “overweight” rating and cut their price objective for the stock from GBX 5,400 to GBX 4,700 in a research report on Thursday, July 16th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 3,700 target price on shares of Fresnillo in a research note on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of GBX 3,728.

Fresnillo Stock Down 6.1%

Fresnillo stock opened at GBX 2,497 on Thursday. Fresnillo has a twelve month low of GBX 1,371 and a twelve month high of GBX 4,472. The stock has a 50 day moving average of GBX 2,937.82 and a two-hundred day moving average of GBX 3,400.61. The company has a current ratio of 4.35, a quick ratio of 3.28 and a debt-to-equity ratio of 18.37. The stock has a market capitalization of £18.40 billion, a price-to-earnings ratio of 13.30, a PEG ratio of -1.58 and a beta of 0.72.

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.