Fresnillo Plc (FRES) Rating Reiterated by Barclays PLC
Fresnillo Plc (LON:FRES)‘s stock had its “equal weight” rating restated by equities researchers at Barclays PLC in a note issued to investors on Thursday.
Several other brokerages have also recently weighed in on FRES. JPMorgan Chase & Co. lowered their price objective on shares of Fresnillo Plc from GBX 1,680 ($20.81) to GBX 1,630 ($20.19) and set a “neutral” rating on the stock in a research note on Thursday, October 20th. Morgan Stanley upgraded shares of Fresnillo Plc to an “equal weight” rating and increased their price objective for the stock from GBX 1,520 ($18.83) to GBX 1,620 ($20.07) in a research note on Tuesday, September 27th. Numis Securities Ltd increased their price objective on shares of Fresnillo Plc from GBX 1,100 ($13.63) to GBX 1,400 ($17.34) and gave the stock a “sell” rating in a research note on Tuesday, July 19th. Macquarie reiterated a “neutral” rating and issued a GBX 1,600 ($19.82) price objective on shares of Fresnillo Plc in a research note on Monday, October 17th. Finally, Deutsche Bank AG reiterated a “sell” rating and issued a GBX 1,020 ($12.63) price objective on shares of Fresnillo Plc in a research note on Monday, July 18th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 1,307.27 ($16.19).
Shares of Fresnillo Plc (LON:FRES) opened at 1425.00 on Thursday. Fresnillo Plc has a 12 month low of GBX 612.50 and a 12 month high of GBX 2,057.21. The company’s market capitalization is GBX 10.50 billion. The firm’s 50-day moving average is GBX 1,676.16 and its 200 day moving average is GBX 1,560.72.
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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