Fresnillo Plc (FRES) Given Consensus Rating of “Hold” by Analysts
Shares of Fresnillo Plc (LON:FRES) have been given a consensus rating of “Hold” by the ten research firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and eight have given a hold recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is GBX 1,408 ($18.58).
Several equities research analysts recently issued reports on FRES shares. Citigroup Inc. reiterated a “sell” rating and issued a GBX 1,225 ($16.17) price target on shares of Fresnillo Plc in a research note on Thursday, July 27th. J P Morgan Chase & Co cut their price target on Fresnillo Plc from GBX 1,500 ($19.79) to GBX 1,450 ($19.13) and set a “neutral” rating for the company in a research note on Thursday. Macquarie restated a “neutral” rating and set a GBX 1,800 ($23.75) price objective on shares of Fresnillo Plc in a research report on Wednesday, October 4th. Numis Securities Ltd lowered their price objective on shares of Fresnillo Plc from GBX 1,600 ($21.11) to GBX 1,500 ($19.79) and set a “hold” rating for the company in a research report on Monday, September 25th. Finally, Barclays PLC lowered their price objective on shares of Fresnillo Plc from GBX 1,500 ($19.79) to GBX 1,350 ($17.81) and set an “equal weight” rating for the company in a research report on Friday, July 14th.
Fresnillo Plc (LON FRES) opened at 1302.00 on Friday. The stock has a 50 day moving average price of GBX 1,447.81 and a 200-day moving average price of GBX 1,518.21. Fresnillo Plc has a one year low of GBX 1,052.00 and a one year high of GBX 1,864.00. The firm’s market capitalization is GBX 9.59 billion.
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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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