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

Fresnillo (LON:FRES) was upgraded by Berenberg Bank to a “buy” rating in a research note issued to investors on Thursday,Digital Look reports. The brokerage currently has a GBX 1,020 ($13.14) price target on the stock, up from their previous price target of GBX 840 ($10.82). Berenberg Bank’s target price suggests a potential upside of 21.65% from the stock’s current price.

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

Fresnillo Stock Performance

Shares of FRES stock opened at GBX 838.50 ($10.81) on Thursday. 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 52 week low of GBX 435.20 ($5.61) and a 52 week high of GBX 843.50 ($10.87). The firm has a 50 day moving average of GBX 710.99 and a 200-day moving average of GBX 656.02. The company has a market cap of £7.74 billion, a price-to-earnings ratio of 31.25, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15.

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.