Barclays Cuts Fresnillo (LON:FRES) Price Target to GBX 615

Fresnillo (LON:FRES) had its target price reduced by equities researchers at Barclays from GBX 630 ($7.91) to GBX 615 ($7.73) in a research note issued on Tuesday, MarketBeat.com reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price objective indicates a potential upside of 7.42% from the stock’s current price.

Separately, Berenberg Bank upped their price objective on shares of Fresnillo from GBX 480 ($6.03) to GBX 570 ($7.16) and gave the company a “hold” rating in a research report on Thursday, April 25th.

Fresnillo Price Performance

Shares of FRES stock opened at GBX 572.50 ($7.19) on Tuesday. Fresnillo has a twelve month low of GBX 435.20 ($5.47) and a twelve month high of GBX 737.54 ($9.27). The company has a market capitalization of £4.22 billion, a PE ratio of 2,290.00, a price-to-earnings-growth ratio of -1.58 and a beta of 0.26. The company has a current ratio of 4.14, a quick ratio of 3.28 and a debt-to-equity ratio of 23.33. The firm has a fifty day simple moving average of GBX 521.56 and a 200-day simple moving average of GBX 529.68.

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.