Berenberg Bank Boosts Fresnillo (LON:FRES) Price Target to GBX 720

Fresnillo (LON:FRES) had its price objective upped by research analysts at Berenberg Bank from GBX 620 ($8.05) to GBX 720 ($9.35) in a report released on Thursday, Digital Look reports. The brokerage currently has a “hold” rating on the stock. Berenberg Bank’s price objective would suggest a potential downside of 6.31% from the stock’s previous close.

Fresnillo Stock Performance

Shares of FRES stock traded up GBX 5 ($0.06) during trading hours on Thursday, reaching GBX 768.50 ($9.98). 2,338,609 shares of the company’s stock were exchanged, compared to its average volume of 1,467,226. The company has a market cap of £5.66 billion, a P/E ratio of 3,222.92, a price-to-earnings-growth ratio of -1.58 and a beta of 0.24. The company’s 50 day moving average is GBX 592.54 and its two-hundred day moving average is GBX 583.80. Fresnillo has a 1 year low of GBX 435.20 ($5.65) and a 1 year high of GBX 782 ($10.15). The company has a debt-to-equity ratio of 21.66, a current ratio of 5.88 and a quick ratio of 3.28.

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.