Fresnillo Plc (FRES) Stock Rating Reaffirmed by Macquarie
Fresnillo Plc (LON:FRES)‘s stock had its “neutral” rating reiterated by Macquarie in a research note issued to investors on Monday. They presently have a GBX 1,600 ($19.50) price objective on the stock. Macquarie’s price objective points to a potential downside of 2.14% from the company’s previous close.
A number of other equities analysts have also recently weighed in on FRES. Barclays PLC reissued an “equal weight” rating and issued a GBX 1,050 ($12.80) price target on shares of Fresnillo Plc in a research note on Wednesday, August 3rd. Morgan Stanley raised Fresnillo Plc to an “equal weight” rating and lifted their price target for the stock from GBX 1,520 ($18.53) to GBX 1,620 ($19.74) in a research note on Tuesday, September 27th. Deutsche Bank AG reissued a “sell” rating and issued a GBX 790 ($9.63) price target on shares of Fresnillo Plc in a research note on Monday, June 20th. JPMorgan Chase & Co. lifted their price target on Fresnillo Plc from GBX 1,360 ($16.58) to GBX 1,400 ($17.06) and gave the stock a “neutral” rating in a research note on Friday, July 29th. Finally, Numis Securities Ltd lifted their price target on Fresnillo Plc from GBX 1,100 ($13.41) to GBX 1,400 ($17.06) and gave the stock a “sell” rating in a research note on Tuesday, July 19th. Four research 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. The company currently has an average rating of “Hold” and a consensus price target of GBX 1,210.91 ($14.76).
Shares of Fresnillo Plc (LON:FRES) opened at 1657.5337 on Monday. The firm’s market cap is GBX 12.21 billion. Fresnillo Plc has a 52-week low of GBX 612.50 and a 52-week high of GBX 2,057.21. The company’s 50-day moving average is GBX 1,690.54 and its 200-day moving average is GBX 1,487.43.
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.
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