Fresnillo Receives “Neutral” Rating from Goldman Sachs Group Inc. (FRES)
Fresnillo (LON:FRES)‘s stock had its “neutral” rating reiterated by Goldman Sachs Group Inc. in a research note issued on Tuesday, Analyst Ratings News reports. They currently have a GBX 825 ($13.60) price objective on the stock. Goldman Sachs Group Inc.’s price target would suggest a potential upside of 12.63% from the company’s current price.
Several other analysts have also recently commented on the stock. 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). Separately, analysts at Barclays downgraded shares of Fresnillo to an “equal weight” rating in a research note to investors on Friday, January 10th. They now have a GBX 682 ($11.24) price target on the stock, down previously from GBX 1,375 ($22.66). Finally, 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. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 1,019.52 ($16.80).
Fresnillo (LON:FRES) traded up 5.24% during mid-day trading on Tuesday, hitting GBX 732.50. The stock had a trading volume of 2,089,618 shares. Fresnillo has a 1-year low of GBX 658.00 and a 1-year high of GBX 1796.9999. The stock’s 50-day moving average is GBX 733.6 and its 200-day moving average is GBX 955.1. The company’s market cap is £5.398 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.