Fresnillo’s “Overweight” Rating Reaffirmed at Jefferies Group (FRES)
Fresnillo (LON:FRES)‘s stock had its “overweight” rating restated by investment analysts at Jefferies Group in a note issued to investors on Wednesday, Stock Ratings Network reports. They currently have a GBX 965 ($15.90) target price on the stock. Jefferies Group’s target price would indicate a potential upside of 28.50% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Fresnillo in a research note to investors on Wednesday. They now have a GBX 965 ($15.90) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Fresnillo in a research note to investors on Monday. They now have a GBX 825 ($13.59) price target on the stock. Finally, analysts at RBC Capital cut their price target on shares of Fresnillo from GBX 1,050 ($17.30) to GBX 1,000 ($16.48) in a research note to investors on Friday, January 24th. They now have an “outperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 1,003.61 ($16.54).
Shares of Fresnillo (LON:FRES) opened at 779.00 on Wednesday. Fresnillo has a 52-week low of GBX 658.00 and a 52-week high of GBX 1710.00. The stock has a 50-day moving average of GBX 731.2 and a 200-day moving average of GBX 946.. The company’s market cap is £5.740 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.
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