Numis Securities Ltd Reiterates “Sell” Rating for Fresnillo Plc (FRES)
Fresnillo Plc (LON:FRES)‘s stock had its “sell” rating reissued by investment analysts at Numis Securities Ltd in a report released on Tuesday. They presently have a GBX 1,400 ($17.33) price target on the stock. Numis Securities Ltd’s price target would indicate a potential downside of 16.91% from the company’s previous close.
A number of other research analysts have also weighed in on FRES. Barclays PLC reissued an “equal weight” rating and set a GBX 1,050 ($13.00) target price on shares of Fresnillo Plc in a report on Wednesday, August 3rd. Morgan Stanley raised Fresnillo Plc to an “equal weight” rating and boosted their target price for the stock from GBX 1,520 ($18.81) to GBX 1,620 ($20.05) in a report on Tuesday, September 27th. JPMorgan Chase & Co. boosted their target price on Fresnillo Plc from GBX 1,360 ($16.83) to GBX 1,400 ($17.33) and gave the stock a “neutral” rating in a report on Friday, July 29th. Deutsche Bank AG reissued a “sell” rating and set a GBX 790 ($9.78) target price on shares of Fresnillo Plc in a report on Monday, June 20th. Finally, Credit Suisse Group AG reissued an “outperform” rating on shares of Fresnillo Plc in a report on Friday, August 5th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. Fresnillo Plc has a consensus rating of “Hold” and a consensus target price of GBX 1,210.91 ($14.99).
Fresnillo Plc (LON:FRES) opened at 1698.00 on Tuesday. The firm’s 50-day moving average price is GBX 1,714.08 and its 200 day moving average price is GBX 1,461.52. The firm’s market capitalization is GBX 12.51 billion. Fresnillo Plc has a 1-year low of GBX 612.50 and a 1-year high of GBX 2,057.21.
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Fresnillo Plc Company Profile
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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