Fresnillo (LON:FRES) Price Target Lowered to GBX 1,620 at Berenberg Bank

Fresnillo (LON:FRES - Get Free Report) had its target price reduced by equities researchers at Berenberg Bank from GBX 1,630 ($22.26) to GBX 1,620 ($22.12) in a research report issued on Wednesday, Marketbeat reports. The brokerage presently has a "buy" rating on the stock. Berenberg Bank's target price points to a potential upside of 8.36% from the stock's previous close.

A number of other equities research analysts have also recently commented on the stock. Canaccord Genuity Group increased their target price on shares of Fresnillo from GBX 805 ($10.99) to GBX 980 ($13.38) and gave the stock a "hold" rating in a research note on Thursday, April 24th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a GBX 880 ($12.02) price objective on shares of Fresnillo in a research note on Thursday, March 13th.

Fresnillo Stock Performance

LON:FRES traded up GBX 35 ($0.48) during trading hours on Wednesday, reaching GBX 1,495 ($20.42). 559,476 shares of the company's stock were exchanged, compared to its average volume of 2,665,179. Fresnillo has a 1-year low of GBX 502 ($6.86) and a 1-year high of GBX 1,499 ($20.47). 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 firm has a market capitalization of £13.81 billion, a price-to-earnings ratio of 55.72, a P/E/G ratio of -1.58 and a beta of 0.15. The company has a 50-day moving average of GBX 1,224.92 and a 200 day moving average of GBX 949.93.

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.