Fresnillo (LON:FRES) Price Target Raised to GBX 720

Fresnillo (LON:FRES) had its price objective boosted by Berenberg Bank from GBX 620 ($8.05) to GBX 720 ($9.35) in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The firm currently has a “hold” rating on the stock. Berenberg Bank’s target price indicates a potential downside of 5.08% from the stock’s current price.

Fresnillo Stock Down 1.7 %

FRES stock opened at GBX 758.50 ($9.85) on Thursday. The company has a market cap of £5.59 billion, a price-to-earnings ratio of 3,160.42, a P/E/G ratio of -1.58 and a beta of 0.24. The company has a debt-to-equity ratio of 21.66, a quick ratio of 3.28 and a current ratio of 5.88. The business’s 50-day moving average is GBX 601.64 and its two-hundred day moving average is GBX 587.66. Fresnillo has a fifty-two week low of GBX 435.20 ($5.65) and a fifty-two week high of GBX 782 ($10.15).

About Fresnillo

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.