Fresnillo (LON:FRES) Rating Increased to Buy at Berenberg Bank

Berenberg Bank upgraded shares of Fresnillo (LON:FRES) to a buy rating in a research note issued to investors on Thursday,Digital Look reports. They currently have GBX 1,020 ($13.18) target price on the stock, up from their previous target price of GBX 840 ($10.85).

Other research analysts also recently issued research reports about the stock. Canaccord Genuity Group boosted their target price on shares of Fresnillo from GBX 760 ($9.82) to GBX 805 ($10.40) and gave the company a “hold” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Fresnillo in a report on Friday, November 22nd. Finally, Royal Bank of Canada lifted their price target on Fresnillo from GBX 800 ($10.34) to GBX 810 ($10.47) and gave the company an “outperform” rating in a report on Monday, March 3rd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Fresnillo has an average rating of “Moderate Buy” and a consensus target price of GBX 810 ($10.47).

Fresnillo Trading Up 1.2 %

Shares of FRES stock opened at GBX 848.50 ($10.96) on Thursday. The firm has a 50-day moving average price of GBX 719.39 and a 200 day moving average price of GBX 661.13. 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 capitalization of £7.84 billion, a price-to-earnings ratio of 31.62, 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.

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.