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

Berenberg Bank upgraded shares of Fresnillo (LON:FRES) to a buy rating in a research note released on Thursday,Digital Look reports. Berenberg Bank 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 research analysts have also weighed in on FRES. Canaccord Genuity Group raised their price target on shares of Fresnillo from GBX 760 ($9.79) to GBX 805 ($10.37) and gave the company a “hold” rating in a research report on Tuesday, February 25th. Royal Bank of Canada boosted their target price on shares of Fresnillo from GBX 800 ($10.31) to GBX 810 ($10.44) and gave the company an “outperform” rating in a research note on Monday. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Fresnillo in a research note on Friday, November 22nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 810 ($10.44).

Fresnillo Stock Up 1.1 %

FRES opened at GBX 847.50 ($10.92) on Thursday. The company has a debt-to-equity ratio of 23.55, a current ratio of 5.88 and a quick ratio of 3.28. The company’s 50-day moving average is GBX 710.99 and its 200 day moving average is GBX 656.02. Fresnillo has a fifty-two week low of GBX 435.20 ($5.61) and a fifty-two week high of GBX 853.50 ($11.00). The firm 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.

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.