Numis Securities Ltd Reiterates “Sell” Rating for Fresnillo Plc (FRES)
Fresnillo Plc (LON:FRES)‘s stock had its “sell” rating reaffirmed by equities researchers at Numis Securities Ltd in a research report issued to clients and investors on Tuesday. They currently have a GBX 1,400 ($17.33) target price on the stock. Numis Securities Ltd’s price objective would indicate a potential downside of 16.91% from the company’s current price.
A number of other brokerages have also recently issued reports on FRES. Deutsche Bank AG reaffirmed a “sell” rating on shares of Fresnillo Plc in a research report on Tuesday, July 12th. Barclays PLC reissued an “equal weight” rating and issued a GBX 1,050 ($13.00) price objective on shares of Fresnillo Plc in a research report on Wednesday, August 3rd. Credit Suisse Group AG reissued an “outperform” rating on shares of Fresnillo Plc in a research report on Friday, August 5th. Macquarie reissued a “neutral” rating on shares of Fresnillo Plc in a research report on Monday, August 22nd. Finally, JPMorgan Chase & Co. increased their price objective on Fresnillo Plc from GBX 1,360 ($16.83) to GBX 1,400 ($17.33) and gave the company a “neutral” rating in a research report on Friday, July 29th. Four 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 stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 1,210.91 ($14.99).
Shares of Fresnillo Plc (LON:FRES) opened at 1698.00 on Tuesday. The firm’s 50-day moving average is GBX 1,714.08 and its 200 day moving average is GBX 1,461.52. Fresnillo Plc has a 1-year low of GBX 612.50 and a 1-year high of GBX 2,057.21. The company’s market cap is GBX 12.51 billion.
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.
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