Fresnillo (LON:FRES) Raised to Buy at Berenberg Bank

Berenberg Bank upgraded shares of Fresnillo (LON:FRES) to a buy rating in a report issued on Thursday,Digital Look reports. The firm currently has GBX 1,020 ($13.14) price target on the stock, up from their prior price target of GBX 840 ($10.82).

A number of other analysts have also recently commented on FRES. JPMorgan Chase & Co. restated an “overweight” rating on shares of Fresnillo in a research note on Friday, November 22nd. Canaccord Genuity Group upped their target price on shares of Fresnillo from GBX 760 ($9.79) to GBX 805 ($10.37) and gave the stock a “hold” rating in a report on Tuesday, February 25th. Finally, Royal Bank of Canada upped their target price on shares of Fresnillo from GBX 800 ($10.31) to GBX 810 ($10.44) and gave the stock an “outperform” rating in a report on Monday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 810 ($10.44).

Fresnillo Stock Performance

Shares of FRES stock opened at GBX 847.50 ($10.92) on Thursday. The stock has a market capitalization of £7.83 billion, a P/E ratio of 31.59, a PEG ratio of -1.58 and a beta of 0.15. The company has a current ratio of 5.88, a quick ratio of 3.28 and a debt-to-equity ratio of 23.55. The firm’s 50 day moving average is GBX 710.99 and its 200 day moving average is GBX 656.02. Fresnillo has a 12 month low of GBX 435.20 ($5.61) and a 12 month high of GBX 853.50 ($11.00).

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.