Citigroup Reaffirms Neutral Rating for Fresnillo (FRES)
Several other equities research analysts also recently commented on FRES. Macquarie restated a neutral rating and issued a GBX 1,800 ($24.41) price target on shares of Fresnillo in a research report on Wednesday, October 4th. Barclays restated an equal weight rating and issued a GBX 1,350 ($18.31) price target on shares of Fresnillo in a research report on Tuesday, October 24th. JPMorgan Chase & Co. reduced their price target on shares of Fresnillo from GBX 1,500 ($20.34) to GBX 1,450 ($19.66) and set a neutral rating for the company in a research report on Thursday, October 26th. Goldman Sachs Group restated a sell rating and issued a GBX 1,075 ($14.58) price target on shares of Fresnillo in a research report on Thursday, October 26th. Finally, HSBC upgraded shares of Fresnillo to a buy rating and reduced their price target for the company from GBX 1,760 ($23.87) to GBX 1,570 ($21.29) in a research report on Wednesday, November 15th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Fresnillo presently has a consensus rating of Hold and a consensus price target of GBX 1,443.75 ($19.58).
Shares of Fresnillo (LON:FRES) opened at GBX 1,357 ($18.40) on Thursday. The company has a market cap of $10,000.00 and a P/E ratio of 2,467.27. Fresnillo has a 12-month low of GBX 1,231 ($16.69) and a 12-month high of GBX 1,746 ($23.68).
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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