Investment analysts at Jefferies Group assumed coverage on shares of Fresnillo (LON:FRES) in a report released on Wednesday. The firm set a “buy” rating and a GBX 1,600 ($21.43) price target on the stock. Jefferies Group’s target price points to a potential upside of 22.32% from the stock’s previous close.

Several other research firms also recently commented on FRES. Numis Securities reiterated a “hold” rating and set a GBX 1,600 ($21.43) target price on shares of Fresnillo in a research report on Thursday, August 3rd. Macquarie reiterated a “neutral” rating and set a GBX 1,800 ($24.11) target price on shares of Fresnillo in a research report on Wednesday, October 4th. Barclays reiterated an “equal weight” rating and set a GBX 1,350 ($18.08) target price on shares of Fresnillo in a research report on Tuesday, October 24th. Goldman Sachs Group reiterated a “sell” rating and set a GBX 1,075 ($14.40) target price on shares of Fresnillo in a research report on Thursday, October 26th. Finally, J P Morgan Chase & Co dropped their price target on shares of Fresnillo from GBX 1,500 ($20.09) to GBX 1,450 ($19.42) and set a “neutral” rating on the stock in a research report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 1,437.50 ($19.25).

Fresnillo (LON:FRES) traded up GBX 17 ($0.23) during trading hours on Wednesday, reaching GBX 1,308 ($17.52). 835,217 shares of the company traded hands, compared to its average volume of 929,228. Fresnillo has a twelve month low of GBX 1,052 ($14.09) and a twelve month high of GBX 1,746 ($23.38).

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Fresnillo 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.

Analyst Recommendations for Fresnillo (LON:FRES)

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