Fresnillo (LON:FRES) PT Raised to GBX 570 at Berenberg Bank

Fresnillo (LON:FRES) had its price objective increased by equities research analysts at Berenberg Bank from GBX 480 ($5.93) to GBX 570 ($7.04) in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The firm presently has a “hold” rating on the stock. Berenberg Bank’s target price points to a potential downside of 2.40% from the stock’s previous close.

Fresnillo Stock Up 0.9 %

FRES stock opened at GBX 584 ($7.21) on Thursday. The company has a fifty day moving average price of GBX 506.45 and a 200 day moving average price of GBX 528.98. Fresnillo has a 12 month low of GBX 435.20 ($5.38) and a 12 month high of GBX 739.26 ($9.13). The company has a market cap of £4.30 billion, a price-to-earnings ratio of 2,336.00, a price-to-earnings-growth ratio of -1.58 and a beta of 0.26. The company has a debt-to-equity ratio of 23.33, a current ratio of 4.14 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.