Fresnillo (LON:FRES) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Key Points

• Berenberg Bank has raised its target price for Fresnillo from GBX 1,700 to GBX 2,600, suggesting a potential upside of 10.92% from the current price.
• Other analysts, including JPMorgan Chase and Citigroup, have also increased their target prices for Fresnillo, with an average target price now at GBX 1,756.
• Fresnillo, the world's largest silver producer, has a market capitalization of £17.27 billion and recently traded at GBX 2,344, indicating strong stock performance.

Fresnillo (LON:FRES - Get Free Report) had its target price boosted by stock analysts at Berenberg Bank from GBX 1,700 to GBX 2,600 in a report issued on Tuesday, MarketBeat.com reports. The firm currently has a "buy" rating on the stock. Berenberg Bank's target price would indicate a potential upside of 10.92% from the company's current price.

A number of other equities research analysts have also issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Fresnillo from GBX 1,850 to GBX 2,100 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Citigroup upped their target price on shares of Fresnillo from GBX 1,300 to GBX 1,700 and gave the stock a "buy" rating in a report on Thursday, July 10th. Finally, Royal Bank Of Canada upped their target price on shares of Fresnillo from GBX 1,200 to GBX 1,400 and gave the stock a "sector perform" rating in a report on Monday, August 11th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, Fresnillo currently has an average rating of "Moderate Buy" and an average target price of GBX 1,756.

Fresnillo Price Performance

LON FRES traded up GBX 44 on Tuesday, hitting GBX 2,344. The company had a trading volume of 4,005,433 shares, compared to its average volume of 3,344,473. Fresnillo has a 12-month low of GBX 609.50 and a 12-month high of GBX 2,418. The company has a market capitalization of £17.27 billion, a PE ratio of 3,792.88, a PEG ratio of -1.58 and a beta of 0.15. The company's fifty day moving average price is GBX 1,950.92 and its 200-day moving average price is GBX 1,454.26. The company has a debt-to-equity ratio of 23.55, a current ratio of 5.88 and a quick ratio of 3.28.

Fresnillo Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.