Deutsche Bank AG Boosts Fresnillo Plc (FRES) Price Target to GBX 1,290
Fresnillo Plc (LON:FRES) had its price target increased by equities research analysts at Deutsche Bank AG from GBX 1,210 ($15.79) to GBX 1,290 ($16.84) in a report released on Wednesday. The brokerage currently has a “sell” rating on the stock. Deutsche Bank AG’s target price would suggest a potential downside of 22.52% from the stock’s previous close.
Other research analysts have also recently issued research reports about the stock. HSBC upgraded shares of Fresnillo Plc to a “buy” rating in a report on Thursday, September 29th. Morgan Stanley upgraded shares of Fresnillo Plc to an “equal weight” rating and increased their target price for the stock from GBX 1,520 ($19.84) to GBX 1,620 ($21.15) in a report on Tuesday, September 27th. Macquarie restated a “neutral” rating and set a GBX 1,600 ($20.89) target price on shares of Fresnillo Plc in a report on Tuesday, September 20th. Credit Suisse Group AG restated an “outperform” rating on shares of Fresnillo Plc in a report on Friday, August 5th. Finally, Numis Securities Ltd restated a “sell” rating and set a GBX 1,400 ($18.27) target price on shares of Fresnillo Plc in a report on Wednesday, August 3rd. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 1,210.91 ($15.81).
Fresnillo Plc (LON:FRES) traded up 3.16% during mid-day trading on Wednesday, reaching GBX 1665.00. 1,956,505 shares of the company’s stock traded hands. Fresnillo Plc has a 1-year low of GBX 612.50 and a 1-year high of GBX 2,057.21. The firm’s market cap is GBX 12.27 billion. The firm has a 50 day moving average of GBX 1,725.22 and a 200 day moving average of GBX 1,447.45.
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About Fresnillo Plc
Fresnillo plc is a holding company. Through its subsidiaries, the Company is engaged in the mining and beneficiation of non-ferrous minerals, and the sale of related production. The primary contents of this production include silver, gold, lead and zinc. The Company has six operating mines: Fresnillo, located in the State of Zacatecas, which is primary silver mine; Saucito, located in the State of Zacatecas, an underground silver mine; Cienega, located in the State of Durango, an underground gold mine, including the San Ramon satellite mine; Herradura, located in the State of Sonora, a surface gold mine; Soledad-Dipolos mine, located in the State of Sonora, a surface gold mine, and Noche Buena, located in State of Sonora, a surface gold mine.
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