Fresnillo (FRES) PT Lowered to GBX 1,400
Fresnillo (LON:FRES) had its price objective decreased by stock analysts at Numis Securities from GBX 1,500 ($20.19) to GBX 1,400 ($18.84) in a research report issued on Friday. The firm presently has a “hold” rating on the stock. Numis Securities’ target price points to a potential upside of 7.20% from the company’s previous close.
A number of other analysts also recently issued reports on FRES. Macquarie reiterated a “neutral” rating and set a GBX 1,800 ($24.23) price target on shares of Fresnillo in a research report on Wednesday, October 4th. Goldman Sachs Group upgraded Fresnillo to a “neutral” rating in a research report on Friday, December 8th. Citigroup upgraded Fresnillo to a “neutral” rating in a research report on Tuesday, December 5th. Jefferies Group began coverage on Fresnillo in a research report on Wednesday, November 29th. They set a “buy” rating and a GBX 1,600 ($21.53) price target for the company. Finally, HSBC upgraded Fresnillo to a “buy” rating and dropped their price target for the company from GBX 1,760 ($23.69) to GBX 1,570 ($21.13) in a research report on Wednesday, November 15th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of GBX 1,429.17 ($19.24).
Shares of Fresnillo (LON:FRES) opened at GBX 1,306 ($17.58) on Friday. Fresnillo has a 12-month low of GBX 1,052 ($14.16) and a 12-month high of GBX 1,746 ($23.50).
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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.
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