Fresnillo (LON:FRES) PT Raised to GBX 720

Fresnillo (LON:FRES) had its target price boosted by equities researchers at Berenberg Bank from GBX 620 ($8.05) to GBX 720 ($9.35) in a note issued to investors on Thursday, Marketbeat reports. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s price objective would indicate a potential downside of 5.08% from the stock’s previous close.

Fresnillo Price Performance

Shares of LON FRES opened at GBX 758.50 ($9.85) on Thursday. The firm has a market cap of £5.59 billion, a P/E ratio of 3,160.42, a PEG ratio of -1.58 and a beta of 0.24. Fresnillo has a twelve month low of GBX 435.20 ($5.65) and a twelve month high of GBX 782 ($10.15). The company has a quick ratio of 3.28, a current ratio of 5.88 and a debt-to-equity ratio of 21.66. The company has a 50 day moving average of GBX 601.64 and a 200 day moving average of GBX 587.66.

Fresnillo Company Profile

Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. It operates through seven segments: Fresnillo, Saucito, Ciénega, Herradura, Noche Buena, San Julián, and Juanicipio. The company primarily explores for silver, gold, lead, and zinc concentrates. Its projects include the Fresnillo silver mine located in the state of Zacatecas; Saucito silver mine situated in the state of Zacatecas; Ciénega gold mine located in the state of Durango; Herradura gold mine situated in the state of Sonora; Noche Buena gold mine located in the state of Sonora; San Julián silver-gold mine situated on the border of Chihuahua/Durango states; and Juanicipio mine located in the state of Zacatecas.