Fresnillo Plc (FRES) Lifted to Buy at HSBC
Fresnillo Plc (LON:FRES) was upgraded by HSBC to a “buy” rating in a research report issued to clients and investors on Thursday.
Several other research firms also recently commented on FRES. Numis Securities Ltd reaffirmed a “sell” rating and issued a GBX 1,400 ($17.33) price target on shares of Fresnillo Plc in a research note on Wednesday, August 3rd. Deutsche Bank AG raised their target price on shares of Fresnillo Plc from GBX 790 ($9.78) to GBX 970 ($12.00) and gave the company a “sell” rating in a research report on Sunday, June 26th. Macquarie reissued a “neutral” rating and set a GBX 1,600 ($19.80) target price on shares of Fresnillo Plc in a research report on Tuesday, September 20th. Finally, JPMorgan Chase & Co. downgraded shares of Fresnillo Plc to a “neutral” rating and raised their target price for the company from GBX 1,100 ($13.61) to GBX 1,200 ($14.85) in a research report on Tuesday, July 5th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 1,210.91 ($14.99).
Shares of Fresnillo Plc (LON:FRES) opened at 1610.8778 on Thursday. The company’s market cap is GBX 11.87 billion. Fresnillo Plc has a 12 month low of GBX 612.50 and a 12 month high of GBX 2,057.21. The firm’s 50-day moving average is GBX 1,710.11 and its 200-day moving average is GBX 1,464.34.
Fresnillo Plc Company Profile
Fresnillo plc is a holding company. Through its subsidiaries, the Company is engaged in the mining and beneficiation of non-ferrous minerals, and the sale of related production. The primary contents of this production include silver, gold, lead and zinc. The Company has six operating mines: Fresnillo, located in the State of Zacatecas, which is primary silver mine; Saucito, located in the State of Zacatecas, an underground silver mine; Cienega, located in the State of Durango, an underground gold mine, including the San Ramon satellite mine; Herradura, located in the State of Sonora, a surface gold mine; Soledad-Dipolos mine, located in the State of Sonora, a surface gold mine, and Noche Buena, located in State of Sonora, a surface gold mine.
Receive News & Ratings for Fresnillo Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fresnillo Plc and related companies with MarketBeat.com's FREE daily email newsletter.