Fresnillo plc (FRES) Receives Consensus Rating of “Hold” from Analysts
Shares of Fresnillo plc (LON:FRES) have earned a consensus recommendation of “Hold” from the ten analysts that are covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 1,535 ($21.98).
Several research firms have issued reports on FRES. Barclays cut their target price on Fresnillo from GBX 1,350 ($19.33) to GBX 1,340 ($19.19) and set an “equal weight” rating on the stock in a research note on Monday, January 8th. Goldman Sachs reiterated a “conviction-buy” rating on shares of Fresnillo in a research note on Friday, April 6th. Citigroup reiterated a “neutral” rating and issued a GBX 1,395 ($19.97) target price on shares of Fresnillo in a research note on Wednesday, February 28th. Numis Securities upgraded Fresnillo to an “add” rating and set a GBX 1,450 ($20.76) target price on the stock in a research note on Wednesday, February 28th. Finally, JPMorgan Chase reiterated a “neutral” rating and issued a GBX 1,500 ($21.48) target price on shares of Fresnillo in a research note on Wednesday, February 28th.
FRES stock opened at GBX 1,298 ($18.59) on Friday. Fresnillo has a 1-year low of GBX 1,174 ($16.81) and a 1-year high of GBX 1,746 ($25.00).
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Fresnillo Company Profile
Fresnillo plc mines, develops, and produces non-ferrous minerals primarily in Mexico. It primarily explores for silver, gold, lead, and zinc ores. The company's primary operating mines include Fresnillo, Saucito, Ciénega, Herradura, Soledad-Dipolos, Noche Buena, and San Julián; development projects comprise San Julián, Pyrites Plant, and second line of DLP at Herradura; and advanced exploration projects consist of Orisyvo, Juanicipio, Las Casas Rosario and Cluster Cebollitas, and Centauro Deep, as well as various other long term exploration prospects.
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