Fresnillo Plc (FRES) Downgraded by HSBC Holdings plc to Hold
Fresnillo Plc (LON:FRES) was downgraded by equities research analysts at HSBC Holdings plc to a “hold” rating in a research report issued on Monday. They presently have a GBX 1,760 ($22.26) price objective on the stock, down from their previous price objective of GBX 1,830 ($23.15). HSBC Holdings plc’s target price indicates a potential upside of 7.25% from the company’s previous close.
FRES has been the topic of a number of other reports. Deutsche Bank AG cut their price objective on Fresnillo Plc from GBX 1,320 ($16.70) to GBX 1,150 ($14.55) and set a “hold” rating on the stock in a research note on Wednesday, March 1st. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and issued a GBX 1,050 ($13.28) price objective on shares of Fresnillo Plc in a research note on Thursday, March 16th. Barclays PLC reissued an “equal weight” rating and issued a GBX 1,500 ($18.98) price objective on shares of Fresnillo Plc in a research note on Wednesday, May 3rd. J P Morgan Chase & Co cut their price objective on Fresnillo Plc from GBX 1,650 ($20.87) to GBX 1,500 ($18.98) and set a “neutral” rating on the stock in a research note on Monday, June 5th. Finally, BNP Paribas initiated coverage on Fresnillo Plc in a research note on Thursday, May 18th. They issued a “neutral” rating and a GBX 1,500 ($18.98) price objective on the stock. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. Fresnillo Plc currently has an average rating of “Hold” and a consensus price target of GBX 1,462.50 ($18.50).
Fresnillo Plc (LON FRES) traded down 4.87% on Monday, reaching GBX 1641.00. 1,225,594 shares of the company’s stock were exchanged. The stock’s market capitalization is GBX 12.09 billion. Fresnillo Plc has a 1-year low of GBX 1,052.00 and a 1-year high of GBX 2,057.21. The firm’s 50 day moving average is GBX 1,544.23 and its 200 day moving average is GBX 1,437.88.
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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