Fresnillo (FRES) Stock Rating Reaffirmed by Jefferies Financial Group
Fresnillo (LON:FRES)‘s stock had its “buy” rating reissued by analysts at Jefferies Financial Group in a note issued to investors on Wednesday. They currently have a GBX 1,350 ($17.64) target price on the stock, down from their previous target price of GBX 1,600 ($20.91). Jefferies Financial Group’s target price indicates a potential upside of 49.93% from the stock’s current price.
Several other analysts also recently weighed in on the company. Royal Bank of Canada upgraded Fresnillo to a “top pick” rating and lifted their target price for the stock from GBX 1,200 ($15.68) to GBX 1,300 ($16.99) in a research report on Monday. Barclays decreased their target price on Fresnillo from GBX 1,200 ($15.68) to GBX 1,000 ($13.07) and set an “equal weight” rating for the company in a research report on Friday, October 12th. UBS Group reiterated a “neutral” rating and set a GBX 900 ($11.76) target price (down from GBX 1,200 ($15.68)) on shares of Fresnillo in a research report on Thursday, September 27th. Morgan Stanley decreased their target price on Fresnillo from GBX 1,330 ($17.38) to GBX 1,200 ($15.68) and set an “equal weight” rating for the company in a research report on Tuesday, August 14th. Finally, JPMorgan Chase & Co. decreased their target price on Fresnillo from GBX 1,300 ($16.99) to GBX 1,250 ($16.33) and set a “neutral” rating for the company in a research report on Wednesday, August 8th. Six investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. Fresnillo presently has an average rating of “Buy” and a consensus target price of GBX 1,258.18 ($16.44).
LON:FRES opened at GBX 900.40 ($11.77) on Wednesday. Fresnillo has a twelve month low of GBX 1,174 ($15.34) and a twelve month high of GBX 1,746 ($22.81).
Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. It primarily explores for silver, gold, lead, and zinc concentrates. The company's operating mines include the Fresnillo, Saucito, Ciénega, Herradura, Noche Buena, and San Julián; development projects comprise the Pyrites Plant, and second line of the DLP at Herradura; and advanced exploration projects consist of the Orisyvo, Juanicipio, Las Casas Rosario and Cluster Cebollitas, and Centauro Deep, as well as various other long term exploration prospects.
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