Fresnillo Plc (FRES) Upgraded to “Equal weight” at Morgan Stanley
Morgan Stanley upgraded shares of Fresnillo Plc (LON:FRES) to an equal weight rating in a research note released on Tuesday morning. They currently have GBX 1,620 ($21.15) target price on the stock, up from their previous target price of GBX 1,520 ($19.84).
FRES has been the subject of a number of other research reports. Deutsche Bank AG reissued a sell rating and set a GBX 790 ($10.31) target price on shares of Fresnillo Plc in a report on Monday, June 6th. Goldman Sachs Group Inc. reissued a sell rating and set a GBX 750 ($9.79) target price on shares of Fresnillo Plc in a report on Thursday, June 16th. Credit Suisse Group AG reissued an outperform rating on shares of Fresnillo Plc in a report on Friday, August 5th. JPMorgan Chase & Co. lifted their target price on Fresnillo Plc from GBX 1,360 ($17.75) to GBX 1,400 ($18.27) and gave the stock a neutral rating in a report on Friday, July 29th. Finally, Barclays PLC reissued an equal weight rating and set a GBX 1,050 ($13.71) target price on shares of Fresnillo Plc in a report on Wednesday, August 3rd. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. Fresnillo Plc currently has a consensus rating of Hold and a consensus price target of GBX 1,203.64 ($15.71).
Shares of Fresnillo Plc (LON:FRES) traded up 1.24% during midday trading on Tuesday, reaching GBX 1798.00. 423,162 shares of the company’s stock traded hands. The stock’s market cap is GBX 13.25 billion. The stock has a 50 day moving average of GBX 1,773.92 and a 200-day moving average of GBX 1,409.64. Fresnillo Plc has a 52-week low of GBX 585.50 and a 52-week high of GBX 2,057.21.
About Fresnillo Plc
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 & Stock 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 stocks with our FREE daily email newsletter.