Numis Securities Ltd Reiterates “Buy” Rating for Fresnillo Plc (FRES)
Fresnillo Plc (LON:FRES)‘s stock had its “buy” rating restated by stock analysts at Numis Securities Ltd in a report issued on Wednesday. They currently have a GBX 1,100 ($18.44) price objective on the stock. Numis Securities Ltd’s price target points to a potential upside of 40.04% from the stock’s previous close.
FRES has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Fresnillo Plc in a research note on Friday, May 30th. They now have a GBX 860 ($14.42) price target on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Fresnillo Plc in a research note on Tuesday, April 29th. They now have a GBX 720 ($12.07) price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 966.33 ($16.20).
Fresnillo Plc (LON:FRES) opened at 790.50 on Wednesday. Fresnillo Plc has a 52 week low of GBX 658.00 and a 52 week high of GBX 1350.00. The stock has a 50-day moving average of GBX 842.3 and a 200-day moving average of GBX 830.5. The company’s market cap is £5.825 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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