Fresnillo Price Target Raised to GBX 1,020 at Citigroup Inc. (FRES)
Equities researchers at Citigroup Inc. increased their price objective on shares of Fresnillo (LON:FRES) from GBX 944 ($15.12) to GBX 1,020 ($16.34) in a research report issued on Monday, Analyst Ratings Network reports. The firm currently has a “neutral” rating on the stock. Citigroup Inc.’s price objective suggests a potential upside of 0.69% from the company’s current price.
A number of other analysts have also recently weighed in on FRES. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Fresnillo (LON:FRES) in a research note to investors on Friday. They now have a GBX 1,160 ($18.58) price target on the stock, up previously from GBX 1,080 ($17.30). Separately, analysts at UBS AG cut their price target on shares of Fresnillo (LON:FRES) from GBX 1,250 ($20.02) to GBX 1,150 ($18.42) in a research note to investors on Wednesday, September 18th. They now have a “neutral” rating on the stock. Finally, analysts at RBC Capital cut their price target on shares of Fresnillo (LON:FRES) from GBX 1,300 ($20.82) to GBX 1,200 ($19.22) in a research note to investors on Thursday, September 12th. They now have a “sector performer” rating on the stock.
One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of GBX 1,245.10 ($19.94).
Shares of Fresnillo (LON:FRES) traded down 1.94% on Monday, hitting GBX 1013.00. The stock had a trading volume of 676,946 shares. Fresnillo has a 52 week low of GBX 846.00 and a 52 week high of GBX 2033.00. The stock’s 50-day moving average is GBX 1156. and its 200-day moving average is GBX 1155.. The company’s market cap is £7.465 billion.
Fresnillo plc is a silver and gold mining company. The Company, along with its subsidiaries, is engaged in the mining and beneficiation of non-ferrous minerals, and the sale of related production.
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