Fresnillo Plc Given Overweight Rating at HSBC (FRES)
Fresnillo Plc (LON:FRES)‘s stock had its “overweight” rating reaffirmed by analysts at HSBC in a research report issued to clients and investors on Thursday. They currently have a GBX 1,080 ($18.40) price target on the stock. HSBC’s target price would suggest a potential upside of 19.40% from the stock’s previous close.
Fresnillo Plc (LON:FRES) opened at 916.50 on Thursday. 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 830.4 and a 200-day moving average of GBX 834.. The company’s market cap is £6.754 billion.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Fresnillo Plc in a research note on Wednesday. They now have a GBX 870 ($14.82) price target on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Fresnillo Plc in a research note on Monday. They now have a GBX 1,000 ($17.03) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Fresnillo Plc in a research note on Tuesday, June 24th. They now have a GBX 1,100 ($18.74) price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of GBX 961 ($16.37).
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.