Fresnillo Stock Rating Upgraded by Numis Securities Ltd (FRES)
Fresnillo (LON:FRES) was upgraded by equities researchers at Numis Securities Ltd to a “buy” rating in a research report issued on Monday, StockRatingsNetwork reports. The firm currently has a GBX 1,000 ($16.48) price target on the stock, down from their previous price target of GBX 1,100 ($18.13). Numis Securities Ltd’s price target indicates a potential upside of 47.28% from the company’s current price.
FRES has been the subject of a number of other recent research reports. Analysts at Barclays downgraded shares of Fresnillo to an “equal weight” rating in a research note to investors on Friday. They now have a GBX 682 ($11.24) price target on the stock, down previously from GBX 1,375 ($22.66). Separately, analysts at FinnCap cut their price target on shares of Fresnillo from GBX 1,000 ($16.48) to GBX 965 ($15.90) in a research note to investors on Wednesday, January 8th. They now have an “overweight” rating on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Fresnillo from GBX 1,000 ($16.48) to GBX 965 ($15.90) in a research note to investors on Wednesday, January 8th. They now have an “overweight” rating on the stock. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 1,044.18 ($17.21).
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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