Berenberg Bank Cuts Fresnillo (LON:FRES) Price Target to GBX 1,620

Fresnillo (LON:FRES) had its price target decreased by equities research analysts at Berenberg Bank from GBX 1,630 ($22.26) to GBX 1,620 ($22.12) in a research report issued to clients and investors on Wednesday, Marketbeat reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 11.03% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Canaccord Genuity Group raised their price target on Fresnillo from GBX 805 ($10.99) to GBX 980 ($13.38) and gave the company a “hold” rating in a report on Thursday, April 24th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 880 ($12.02) price target on shares of Fresnillo in a report on Thursday, March 13th.

Fresnillo Price Performance

Shares of Fresnillo stock opened at GBX 1,459 ($19.92) on Wednesday. The stock has a market capitalization of £13.48 billion, a price-to-earnings ratio of 54.38, a P/E/G ratio of -1.58 and a beta of 0.15. The firm’s 50-day moving average price is GBX 1,206.25 and its two-hundred day moving average price is GBX 934.51. The company has a current ratio of 5.88, a quick ratio of 3.28 and a debt-to-equity ratio of 23.55. Fresnillo has a 1-year low of GBX 502 ($6.86) and a 1-year 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.