Fresnillo Price Target Cut to GBX 965 (FRES)
Equities research analysts at FinnCap cut their price target on shares of Fresnillo (LON:FRES) from GBX 1,000 ($16.40) to GBX 965 ($15.83) in a research note issued to investors on Wednesday, American Banking News.com reports. The firm currently has an “overweight” rating on the stock. FinnCap’s price target indicates a potential upside of 43.07% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. cut their price target on shares of Fresnillo from GBX 1,000 ($16.40) to GBX 965 ($15.83) in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Finally, analysts at Prime Markets reiterated a “sell” rating on shares of Fresnillo in a research note to investors on Tuesday, December 10th. They now have a GBX 670 ($10.99) price target on the stock. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. Fresnillo has a consensus rating of “Hold” and an average price target of GBX 1,050.85 ($17.24).
Fresnillo (LON:FRES) traded up 0.44% on Wednesday, hitting GBX 677.50. 907,533 shares of the company’s stock traded hands. Fresnillo has a 52 week low of GBX 671.00 and a 52 week high of GBX 1796.9999. The stock has a 50-day moving average of GBX 749.5 and a 200-day moving average of GBX 961.3. The company’s market cap is £4.992 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.