Fresnillo Plc (FRES) Upgraded to “Hold” at Deutsche Bank AG
Fresnillo Plc (LON:FRES) was upgraded by stock analysts at Deutsche Bank AG to a “hold” rating in a note issued to investors on Tuesday. The firm currently has a GBX 1,340 ($16.74) target price on the stock. Deutsche Bank AG’s price target indicates a potential downside of 4.63% from the stock’s current price.
FRES has been the topic of a number of other research reports. HSBC raised Fresnillo Plc to a “buy” rating in a report on Thursday, September 29th. Macquarie reissued a “neutral” rating and issued a GBX 1,600 ($19.99) target price on shares of Fresnillo Plc in a report on Monday, September 5th. Numis Securities Ltd reissued a “sell” rating and issued a GBX 1,400 ($17.49) target price on shares of Fresnillo Plc in a report on Tuesday, October 11th. Barclays PLC reissued an “equal weight” rating on shares of Fresnillo Plc in a report on Thursday, November 10th. Finally, JPMorgan Chase & Co. increased their target price on Fresnillo Plc from GBX 1,630 ($20.36) to GBX 1,750 ($21.86) and gave the company a “neutral” rating in a report on Monday, November 7th. Three equities research analysts have rated the stock with a sell rating, eight 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 an average target price of GBX 1,311.82 ($16.39).
Shares of Fresnillo Plc (LON:FRES) opened at 1405.00 on Tuesday. Fresnillo Plc has a 12 month low of GBX 612.50 and a 12 month high of GBX 2,057.21. The stock’s 50 day moving average price is GBX 1,662.08 and its 200-day moving average price is GBX 1,570.00. The company’s market cap is GBX 10.35 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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