Fresnillo Stock Rating Reaffirmed by JPMorgan Chase & Co. (FRES)
Fresnillo (LON:FRES)‘s stock had its “overweight” rating reaffirmed by JPMorgan Chase & Co. in a research note issued on Thursday, Stock Ratings Network reports. They currently have a GBX 1,160 ($18.61) price objective on the stock. JPMorgan Chase & Co.’s target price points to a potential upside of 24.00% from the company’s current price.
Shares of Fresnillo (LON:FRES) traded up 0.38% on Thursday, hitting GBX 935.4999. 661,772 shares of the company’s stock traded hands. Fresnillo has a 1-year low of GBX 846.00 and a 1-year high of GBX 2033.00. The stock’s 50-day moving average is GBX 1128. and its 200-day moving average is GBX 1111.. The company’s market cap is £6.894 billion.
FRES has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Fresnillo in a research note to investors on Tuesday. They now have a GBX 1,000 ($16.04) price target on the stock. Separately, 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. Finally, 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). Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. Fresnillo currently has an average rating of “Hold” and an average price target of GBX 1,200.37 ($19.26).
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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