Goldman Sachs Group upgraded shares of Fresnillo (LON:FRES) to a neutral rating in a research note issued to investors on Friday morning.

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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About Fresnillo

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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