Fresnillo’s Hold Rating Reaffirmed at Liberum Capital (FRES)
Fresnillo (LON:FRES)‘s stock had its “hold” rating reaffirmed by research analysts at Liberum Capital in a report released on Wednesday, StockRatingsNetwork reports. They currently have a GBX 930 ($15.33) target price on the stock. Liberum Capital’s price target points to a potential upside of 33.62% from the company’s current price.
Fresnillo (LON:FRES) traded down 1.97% on Wednesday, hitting GBX 696.00. The stock had a trading volume of 695,746 shares. Fresnillo has a 52-week low of GBX 658.00 and a 52-week high of GBX 1796.9999. The stock has a 50-day moving average of GBX 735.9 and a 200-day moving average of GBX 956.. The company’s market cap is £5.129 billion.
A number of other firms have also recently commented on FRES. Analysts at Deutsche Bank cut their price target on shares of Fresnillo from GBX 1,000 ($16.48) to GBX 825 ($13.60) in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Fresnillo in a research note to investors on Tuesday. They now have a GBX 825 ($13.60) price target on the stock. Finally, analysts at Numis Securities Ltd upgraded shares of Fresnillo to a “buy” rating in a research note to investors on Monday. They now have a GBX 1,000 ($16.48) price target on the stock, down previously from GBX 1,100 ($18.13). Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. Fresnillo currently has an average rating of “Hold” and an average price target of GBX 1,019.52 ($16.80).
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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