Fresnillo Plc (LON:FRES) Receives Average Rating of “Hold” from Brokerages
Shares of Fresnillo Plc (LON:FRES) have been assigned an average recommendation of “Hold” from the twelve brokerages that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is GBX 1,434.09 ($18.73).
A number of research firms have recently commented on FRES. HSBC Holdings plc cut shares of Fresnillo Plc to a “hold” rating and cut their target price for the stock from GBX 1,830 ($23.90) to GBX 1,760 ($22.98) in a research note on Monday, June 12th. Barclays PLC boosted their price target on shares of Fresnillo Plc from GBX 1,400 ($18.28) to GBX 1,500 ($19.59) and gave the stock an “equal weight” rating in a research report on Friday, April 21st. J P Morgan Chase & Co restated a “neutral” rating and set a GBX 1,650 ($21.55) price target on shares of Fresnillo Plc in a research report on Thursday, April 27th. Goldman Sachs Group, Inc. (The) boosted their price target on shares of Fresnillo Plc from GBX 1,050 ($13.71) to GBX 1,100 ($14.36) and gave the stock a “sell” rating in a research report on Monday, April 24th. Finally, BNP Paribas assumed coverage on shares of Fresnillo Plc in a research report on Thursday, May 18th. They set a “neutral” rating and a GBX 1,500 ($19.59) price target on the stock.
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Fresnillo Plc (FRES) opened at 1538.00 on Friday. Fresnillo Plc has a one year low of GBX 1,052.00 and a one year high of GBX 2,035.15. The company’s market cap is GBX 11.33 billion. The company has a 50 day moving average of GBX 1,549.57 and a 200-day moving average of GBX 1,505.89.
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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