Fresnillo's (FRES) "Buy" Rating Reiterated at Berenberg Bank

Fresnillo (LON:FRES - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at Berenberg Bank in a research report issued on Wednesday, MarketBeat.com reports. They presently have a GBX 1,620 ($22.01) price target on the stock. Berenberg Bank's price target points to a potential upside of 12.42% from the stock's current price.

Several other analysts have also recently commented on the company. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Fresnillo in a research report on Thursday. Canaccord Genuity Group upped their price target on Fresnillo from GBX 805 ($10.94) to GBX 980 ($13.32) and gave the stock a "hold" rating in a report on Thursday, April 24th. Finally, Citigroup upped their price target on Fresnillo from GBX 1,300 ($17.66) to GBX 1,700 ($23.10) and gave the stock a "buy" rating in a report on Thursday, July 10th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of GBX 1,406 ($19.10).

Fresnillo Stock Performance

Shares of LON:FRES traded down GBX 22 ($0.30) during trading on Wednesday, hitting GBX 1,441 ($19.58). The stock had a trading volume of 4,046,519 shares, compared to its average volume of 2,509,261. The stock has a 50-day simple moving average of GBX 1,334.87 and a two-hundred day simple moving average of GBX 1,018.26. 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 stock has a market capitalization of £13.31 billion, a price-to-earnings ratio of 53.71, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15. Fresnillo has a 12-month low of GBX 502 ($6.82) and a 12-month high of GBX 1,566 ($21.28).

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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