Fresnillo Plc (FRES) Given “Neutral” Rating at Macquarie
Fresnillo Plc (LON:FRES)‘s stock had its “neutral” rating restated by analysts at Macquarie in a research report issued to clients and investors on Monday. They presently have a GBX 1,600 ($19.50) target price on the stock. Macquarie’s target price would indicate a potential downside of 0.50% from the stock’s current price.
FRES has been the subject of a number of other reports. Deutsche Bank AG raised their target price on Fresnillo Plc from GBX 1,210 ($14.75) to GBX 1,290 ($15.72) and gave the company a “sell” rating in a research note on Wednesday, October 5th. Numis Securities Ltd restated a “sell” rating and issued a GBX 1,400 ($17.06) target price on shares of Fresnillo Plc in a research note on Tuesday, October 11th. Morgan Stanley upgraded Fresnillo Plc to an “equal weight” rating and raised their target price for the company from GBX 1,520 ($18.53) to GBX 1,620 ($19.74) in a research note on Tuesday, September 27th. JPMorgan Chase & Co. lowered Fresnillo Plc to a “neutral” rating and raised their target price for the company from GBX 1,100 ($13.41) to GBX 1,200 ($14.63) in a research note on Tuesday, July 5th. Finally, Goldman Sachs Group Inc. restated a “neutral” rating and issued a GBX 1,200 ($14.63) target price on shares of Fresnillo Plc in a research note on Monday, June 27th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Fresnillo Plc has a consensus rating of “Hold” and a consensus target price of GBX 1,210.91 ($14.76).
Shares of Fresnillo Plc (LON:FRES) traded down 0.74% during midday trading on Monday, reaching GBX 1608.00. 955,086 shares of the company’s stock were exchanged. The company’s market capitalization is GBX 11.85 billion. Fresnillo Plc has a 1-year low of GBX 612.50 and a 1-year high of GBX 2,057.21. The firm has a 50-day moving average of GBX 1,692.08 and a 200-day moving average of GBX 1,482.65.
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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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