RBC Capital Lowers Fresnillo Price Target to GBX 1,000 (FRES)
RBC Capital decreased their price target on shares of Fresnillo (LON:FRES) from GBX 1,050 ($17.24) to GBX 1,000 ($16.41) in a research note issued on Friday, American Banking and Market News reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s price target would suggest a potential upside of 26.26% from the stock’s previous close.
Shares of Fresnillo (LON:FRES) traded up 1.54% during mid-day trading on Friday, hitting GBX 792.00. The stock had a trading volume of 1,965,985 shares. Fresnillo has a one year low of GBX 658.00 and a one year high of GBX 1717.00. The stock has a 50-day moving average of GBX 729.0 and a 200-day moving average of GBX 949.8. The company’s market cap is £5.836 billion.
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets upgraded shares of Fresnillo to an “outperform” rating in a research note to investors on Thursday, January 16th. Separately, analysts at Liberum Capital reiterated a “hold” rating on shares of Fresnillo in a research note to investors on Wednesday, January 15th. They now have a GBX 930 ($15.27) price target on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of Fresnillo from GBX 1,000 ($16.41) to GBX 825 ($13.54) in a research note to investors on Wednesday, January 15th. They now have a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 1,006.18 ($16.52).
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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