Fresnillo Price Target Cut to GBX 965 (FRES)
JPMorgan Chase & Co. cut their price objective on shares of Fresnillo (LON:FRES) from GBX 1,000 ($16.40) to GBX 965 ($15.83) in a research note issued on Wednesday, Analyst Ratings.Net reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 39.45% from the stock’s previous close.
Shares of Fresnillo (LON:FRES) traded down 1.91% on Wednesday, hitting GBX 692.00. The stock had a trading volume of 1,103,093 shares. Fresnillo has a one year low of GBX 673.00 and a one year high of GBX 1796.9999. The stock has a 50-day moving average of GBX 777. and a 200-day moving average of GBX 970.3. The company’s market cap is £5.099 billion.
A number of other firms have also recently commented on FRES. 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. Separately, analysts at UBS AG cut their price target on shares of Fresnillo from GBX 1,150 ($18.86) to GBX 1,100 ($18.04) in a research note to investors on Tuesday, December 3rd. They now have a “buy” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. upgraded shares of Fresnillo to a “neutral” rating in a research note to investors on Monday, November 25th. They now have a GBX 850 ($13.94) price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 1,097.05 ($17.99).
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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