Fresnillo (LON:FRES)’s stock had its “hold” rating reiterated by equities research analysts at Berenberg Bank in a research note issued on Monday, Analyst Ratings Network reports. They currently have a GBX 700 ($9.47) price objective on the stock. Berenberg Bank’s target price would suggest a potential upside of 10.58% from the company’s current price.
Several other brokerages have also commented on FRES. Peel Hunt reiterated a “buy” rating and set a GBX 1,340 ($18.12) price target on shares of Fresnillo in a research note on Wednesday, October 27th. Royal Bank of Canada downgraded shares of Fresnillo to a “sector perform” rating and lowered their price objective for the stock from GBX 1,025 ($13.86) to GBX 575 ($7.78) in a research report on Thursday, January 27th. Barclays lowered their price objective on shares of Fresnillo from GBX 880 ($11.90) to GBX 860 ($11.63) and set an “equal weight” rating on the stock in a research report on Wednesday, January 26th. Morgan Stanley reissued an “equal weight” rating and set a GBX 850 ($11.49) price objective on shares of Fresnillo in a research report on Thursday, November 11th. Finally, Peel Hunt reissued a “buy” rating and set a GBX 1,340 ($18.12) price objective on shares of Fresnillo in a research report on Wednesday, October 27th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 952.14 ($12.88).
Shares of LON:FRES opened at GBX 633 ($8.56) on Monday. The company’s fifty day moving average price is GBX 828.02 and its 200 day moving average price is GBX 838.54. Fresnillo has a 12 month low of GBX 612.60 ($8.28) and a 12 month high of GBX 1,066 ($14.42). The company has a debt-to-equity ratio of 33.51, a current ratio of 4.98 and a quick ratio of 3.97. The firm has a market capitalization of £4.66 billion and a P/E ratio of 10.36.
Fresnillo Company Profile
Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. The company primarily explores for silver, gold, lead, and zinc concentrates. Its flagship project is Fresnillo silver mine located in the state of Zacatecas. The company has mining concessions covering an area of approximately 1.7 million hectares of surface land in Mexico.