Fresnillo (LON:FRES) Given New GBX 1,320 Price Target at Berenberg Bank

Fresnillo (LON:FRES - Get Free Report) had its price objective lifted by analysts at Berenberg Bank from GBX 1,310 ($17.46) to GBX 1,320 ($17.59) in a research report issued to clients and investors on Wednesday, April 23rd, MarketBeat reports. The brokerage presently has a "buy" rating on the stock. Berenberg Bank's price objective would indicate a potential upside of 31.74% from the company's current price.

Other analysts have also recently issued reports about the company. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a GBX 880 ($11.73) price objective on shares of Fresnillo in a research report on Thursday, March 13th. Canaccord Genuity Group lifted their price objective on shares of Fresnillo from GBX 805 ($10.73) to GBX 980 ($13.06) and gave the stock a "hold" rating in a research report on Thursday, April 24th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of GBX 919 ($12.25).

Fresnillo Stock Performance

Shares of FRES stock traded down GBX 10 ($0.13) on Wednesday, reaching GBX 1,002 ($13.35). The stock had a trading volume of 4,578,645 shares, compared to its average volume of 3,353,182. Fresnillo has a 12 month low of GBX 497 ($6.62) and a 12 month high of GBX 1,093 ($14.56). The firm has a market capitalization of £9.26 billion, a price-to-earnings ratio of 37.34, a P/E/G ratio of -1.58 and a beta of 0.15. The firm's 50-day moving average is GBX 912.37 and its two-hundred day moving average is GBX 764.27. The company has a quick ratio of 3.28, a current ratio of 5.88 and a debt-to-equity ratio of 23.55.

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.