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

Fresnillo (LON:FRES - Get Free Report) had its price objective cut by stock analysts at Berenberg Bank from GBX 1,630 ($22.26) to GBX 1,620 ($22.12) in a research report issued on Wednesday, Marketbeat.com reports. The brokerage presently has a "buy" rating on the stock. Berenberg Bank's price target indicates a potential upside of 11.03% from the stock's previous close.

FRES has been the subject of a number of other research reports. Canaccord Genuity Group raised their price objective on Fresnillo from GBX 805 ($10.99) to GBX 980 ($13.38) and gave the stock a "hold" rating in a research report on Thursday, April 24th. Royal Bank Of Canada reiterated a "sector perform" rating and set a GBX 880 ($12.02) price target on shares of Fresnillo in a research note on Thursday, March 13th.

Fresnillo Price Performance

Shares of LON:FRES opened at GBX 1,459 ($19.92) on Wednesday. The company has a market cap of £13.48 billion, a price-to-earnings ratio of 54.38, a PEG ratio of -1.58 and a beta of 0.15. The business has a 50 day moving average price of GBX 1,206.25 and a 200 day moving average price of GBX 934.51. The company has a quick ratio of 3.28, a current ratio of 5.88 and a debt-to-equity ratio of 23.55. Fresnillo has a twelve month low of GBX 502 ($6.86) and a twelve month high of GBX 1,499 ($20.47).

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.

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