Barclays PLC Cuts Fresnillo Plc (LON:FRES) Price Target to GBX 1,350
Fresnillo Plc (LON:FRES) had its target price reduced by stock analysts at Barclays PLC from GBX 1,500 ($19.43) to GBX 1,350 ($17.49) in a research note issued on Friday. The firm presently has an “equal weight” rating on the stock. Barclays PLC’s target price would suggest a potential downside of 8.85% from the stock’s current price.
FRES has been the subject of several other reports. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and issued a GBX 1,050 ($13.60) price target on shares of Fresnillo Plc in a research note on Thursday, March 16th. HSBC Holdings plc reaffirmed a “buy” rating and issued a GBX 1,830 ($23.70) price target on shares of Fresnillo Plc in a research note on Tuesday, May 2nd. Deutsche Bank AG decreased their price target on shares of Fresnillo Plc from GBX 1,150 ($14.90) to GBX 1,120 ($14.51) and set a “hold” rating for the company in a research note on Friday, March 17th. Macquarie lifted their price target on shares of Fresnillo Plc from GBX 1,300 ($16.84) to GBX 1,800 ($23.32) and gave the company a “neutral” rating in a research note on Thursday, June 8th. Finally, J P Morgan Chase & Co decreased their price target on shares of Fresnillo Plc from GBX 1,650 ($21.37) to GBX 1,500 ($19.43) and set a “neutral” rating for the company in a research note on Monday, June 5th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 1,434.09 ($18.58).
Fresnillo Plc (FRES) opened at 1481.00 on Friday. Fresnillo Plc has a 52 week low of GBX 1,052.00 and a 52 week high of GBX 2,057.21. The company has a 50-day moving average of GBX 1,585.99 and a 200-day moving average of GBX 1,470.19. The firm’s market capitalization is GBX 10.91 billion.
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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