Berenberg Bank Reiterates "Buy" Rating for Fresnillo (LON:FRES)

Fresnillo (LON:FRES - Get Free Report)'s stock had its "buy" rating reaffirmed by equities researchers at Berenberg Bank in a research note issued on Wednesday, MarketBeat reports. They presently have a GBX 1,620 ($21.77) price target on the stock. Berenberg Bank's target price suggests a potential upside of 16.05% from the company's current price.

Several other research firms have also weighed in on FRES. Citigroup upped their price objective on Fresnillo from GBX 1,300 ($17.47) to GBX 1,700 ($22.84) and gave the company a "buy" rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. restated an "overweight" rating on shares of Fresnillo in a research report on Thursday. Finally, Canaccord Genuity Group increased their price target on Fresnillo from GBX 805 ($10.82) to GBX 980 ($13.17) and gave the stock a "hold" rating in a research report on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 1,406 ($18.89).

Fresnillo Price Performance

Shares of FRES stock traded down GBX 15 ($0.20) during trading hours on Wednesday, hitting GBX 1,396 ($18.76). The company had a trading volume of 3,236,819 shares, compared to its average volume of 2,571,386. Fresnillo has a 12 month low of GBX 502 ($6.75) and a 12 month high of GBX 1,566 ($21.04). The firm has a market capitalization of £12.89 billion, a price-to-earnings ratio of 52.03, a PEG ratio of -1.58 and a beta of 0.15. The firm's fifty day moving average is GBX 1,361.06 and its 200 day moving average is GBX 1,037.28. The company has a debt-to-equity ratio of 23.55, a quick ratio of 3.28 and a current ratio of 5.88.

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.