Berenberg Bank Boosts Fresnillo (OTCMKTS:FNLPF) Price Target to GBX 1,100

Fresnillo (OTCMKTS:FNLPFGet Rating) had its target price boosted by Berenberg Bank from GBX 800 ($9.90) to GBX 1,100 ($13.62) in a research report released on Monday, The Fly reports.

Several other equities research analysts have also recently issued reports on FNLPF. Morgan Stanley raised their price objective on shares of Fresnillo from GBX 730 ($9.04) to GBX 800 ($9.90) in a research report on Thursday, December 8th. JPMorgan Chase & Co. dropped their price target on shares of Fresnillo from GBX 800 ($9.90) to GBX 750 ($9.29) in a research report on Friday, October 14th. Royal Bank of Canada cut shares of Fresnillo from an outperform rating to a sector perform rating in a research report on Monday, January 9th. Peel Hunt cut shares of Fresnillo to a hold rating in a research report on Friday, December 16th. Finally, UBS Group cut shares of Fresnillo from a neutral rating to a sell rating and set a $850.00 price target for the company. in a research report on Thursday, January 19th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Hold and a consensus price target of $925.00.

Fresnillo Stock Down 5.5 %

Fresnillo stock opened at $10.81 on Monday. Fresnillo has a 12-month low of $7.30 and a 12-month high of $11.95. The company has a 50-day moving average price of $10.80 and a 200 day moving average price of $9.27. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.41 and a current ratio of 4.31.

About Fresnillo

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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 Other. The company primarily explores for silver, gold, lead, and zinc concentrates. Its projects include 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; and San Julián silver-gold mine situated on the border of Chihuahua/Durango states.

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