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

Fresnillo (LON:FRES - Get Free Report) was upgraded by equities researchers at Berenberg Bank to a "buy" rating in a research note issued on Thursday,Digital Look reports. The firm currently has a GBX 1,020 ($13.19) price objective on the stock, up from their previous price objective of GBX 840 ($10.86). Berenberg Bank's price target indicates a potential upside of 21.65% from the stock's previous close.

FRES has been the topic of a number of other reports. Royal Bank of Canada lifted their price target on Fresnillo from GBX 800 ($10.34) to GBX 810 ($10.47) and gave the company an "outperform" rating in a report on Monday, March 3rd. Canaccord Genuity Group lifted their target price on Fresnillo from GBX 760 ($9.82) to GBX 805 ($10.41) and gave the company a "hold" rating in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. reissued an "overweight" rating on shares of Fresnillo in a research report on Friday, November 22nd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of GBX 810 ($10.47).

Fresnillo Stock Down 0.9 %

Shares of FRES stock traded down GBX 7.50 ($0.10) during mid-day trading on Thursday, hitting GBX 838.50 ($10.84). The stock had a trading volume of 855,884 shares, compared to its average volume of 2,627,989. The firm has a market capitalization of £7.74 billion, a P/E ratio of 31.25, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15. The company has a debt-to-equity ratio of 23.55, a current ratio of 5.88 and a quick ratio of 3.28. Fresnillo has a 12-month low of GBX 435.20 ($5.63) and a 12-month high of GBX 871.50 ($11.27). The firm's 50-day moving average is GBX 719.39 and its two-hundred day moving average is GBX 662.01.

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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.