Fresnillo (FRES) Upgraded to Neutral by Goldman Sachs Group
Several other brokerages have also recently commented on FRES. Numis Securities dropped their target price on shares of Fresnillo from GBX 1,600 ($21.53) to GBX 1,500 ($20.19) and set a hold rating for the company in a research report on Monday, September 25th. Macquarie restated a neutral rating and issued a GBX 1,800 ($24.23) price objective on shares of Fresnillo in a research report on Wednesday, October 4th. Barclays restated an equal weight rating and issued a GBX 1,350 ($18.17) price objective on shares of Fresnillo in a research report on Tuesday, October 24th. Jefferies Group initiated coverage on shares of Fresnillo in a research report on Wednesday, November 29th. They issued a buy rating and a GBX 1,600 ($21.53) price objective for the company. Finally, J P Morgan Chase & Co lowered their target price on Fresnillo from GBX 1,500 ($20.19) to GBX 1,450 ($19.52) and set a neutral rating for the company in a report on Thursday, October 26th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of GBX 1,437.50 ($19.35).
Shares of Fresnillo (FRES) traded up GBX 10.73 ($0.14) during trading on Friday, hitting GBX 1,289.73 ($17.36). 1,010,000 shares of the company’s stock traded hands, compared to its average volume of 935,765. Fresnillo has a 52 week low of GBX 1,052 ($14.16) and a 52 week high of GBX 1,746 ($23.50).
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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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