Fresnillo (LON:FRES) Stock Rating Upgraded by Berenberg Bank

Fresnillo (LON:FRES) was upgraded by equities research analysts at Berenberg Bank to a “buy” rating in a research report issued on Thursday,Digital Look reports. The brokerage presently has a GBX 1,020 ($13.18) price target on the stock, up from their prior price target of GBX 840 ($10.86). Berenberg Bank’s price objective indicates a potential upside of 20.21% from the stock’s current price.

A number of other equities research analysts have also weighed in on the company. Canaccord Genuity Group boosted their price target on Fresnillo from GBX 760 ($9.82) to GBX 805 ($10.40) and gave the stock a “hold” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Fresnillo in a research report on Friday, November 22nd. Finally, Royal Bank of Canada upped their price target on shares of Fresnillo from GBX 800 ($10.34) to GBX 810 ($10.47) and gave the company an “outperform” rating in a research note on Monday, March 3rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 810 ($10.47).

Fresnillo Price Performance

Shares of FRES opened at GBX 848.50 ($10.97) on Thursday. The company has a 50 day moving average of GBX 715.03 and a two-hundred day moving average of GBX 658.13. The company has a quick ratio of 3.28, a current ratio of 5.88 and a debt-to-equity ratio of 23.55. Fresnillo has a twelve month low of GBX 435.20 ($5.62) and a twelve month high of GBX 871.50 ($11.26). The company has a market cap of £7.84 billion, a price-to-earnings ratio of 31.62, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15.

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.