Fresnillo Receives “Hold” Rating from Deutsche Bank (FRES)
Fresnillo (LON:FRES)‘s stock had its “hold” rating reiterated by equities researchers at Deutsche Bank in a research report issued on Tuesday, Analyst Ratings.Net reports. They currently have a GBX 1,000 ($16.04) target price on the stock. Deutsche Bank’s price objective points to a potential upside of 7.30% from the stock’s previous close.
FRES has been the subject of a number of other recent research reports. Analysts at RBC Capital upgraded shares of Fresnillo from a “sector performer” rating to an “outperform” rating in a research note to investors on Thursday, October 3rd. They now have a GBX 1,200 ($19.25) price target on the stock. Separately, analysts at Citigroup Inc. downgraded shares of Fresnillo from a “neutral” rating to a “sell” rating in a research note to investors on Wednesday, October 2nd. They now have a GBX 911 ($14.62) price target on the stock, down previously from GBX 1,020 ($16.36). Finally, analysts at Merrill Lynch cut their price target on shares of Fresnillo from GBX 1,326 ($21.27) to GBX 1,300 ($20.86) in a research note to investors on Friday, September 27th. They now have a “neutral” rating on the stock. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 1,200.37 ($19.26).
Fresnillo (LON:FRES) traded down 1.11% on Tuesday, hitting GBX 932.00. The stock had a trading volume of 746,546 shares. Fresnillo has a 1-year low of GBX 846.00 and a 1-year high of GBX 2033.00. The stock has a 50-day moving average of GBX 1128. and a 200-day moving average of GBX 1111.. The company’s market cap is £6.868 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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