Fresnillo (LON:FRES) Receives “Hold” Rating from Berenberg Bank

Fresnillo (LON:FRES)‘s stock had its “hold” rating restated by investment analysts at Berenberg Bank in a report issued on Thursday,Digital Look reports. They presently have a GBX 3,400 target price on the stock. Berenberg Bank’s price target suggests a potential downside of 0.32% from the company’s previous close.

A number of other brokerages have also recently weighed in on FRES. JPMorgan Chase & Co. reduced their price target on shares of Fresnillo from GBX 5,500 to GBX 5,400 and set an “overweight” rating on the stock in a research report on Tuesday, April 7th. Citigroup boosted their price objective on shares of Fresnillo from GBX 4,600 to GBX 5,000 and gave the company a “buy” rating in a research report on Monday, April 13th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of GBX 3,528.

Fresnillo Trading Down 6.8%

Shares of LON FRES traded down GBX 249 during midday trading on Thursday, reaching GBX 3,411. 711,189 shares of the stock were exchanged, compared to its average volume of 8,709,377. The business has a 50-day simple moving average of GBX 3,604.16 and a two-hundred day simple moving average of GBX 3,194.51. The company has a market capitalization of £25.14 billion, a price-to-earnings ratio of 18.16, a P/E/G ratio of -1.58 and a beta of 0.78. Fresnillo has a 12 month low of GBX 963 and a 12 month high of GBX 4,472. The company has a debt-to-equity ratio of 18.37, a current ratio of 4.35 and a quick ratio of 3.28.

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.