Fresnillo (FRES) Raised to “Neutral” at Citigroup
Fresnillo (LON:FRES) was upgraded by Citigroup to a “neutral” rating in a research note issued on Tuesday.
A number of other research analysts also recently commented on the stock. Goldman Sachs Group reaffirmed a “sell” rating and issued a GBX 1,075 ($14.47) target price on shares of Fresnillo in a research report on Thursday, October 26th. J P Morgan Chase & Co dropped their target price on shares of Fresnillo from GBX 1,500 ($20.19) to GBX 1,450 ($19.52) and set a “neutral” rating on the stock in a research report on Thursday, October 26th. Barclays reaffirmed an “equal weight” rating and issued a GBX 1,350 ($18.17) target price on shares of Fresnillo in a research report on Tuesday, October 24th. HSBC raised shares of Fresnillo to a “buy” rating and dropped their target price for the company from GBX 1,760 ($23.69) to GBX 1,570 ($21.13) in a research report on Wednesday, November 15th. Finally, Numis Securities dropped their target price on shares of Fresnillo from GBX 1,600 ($21.53) to GBX 1,500 ($20.19) and set a “hold” rating on the stock in a research report on Monday, September 25th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of GBX 1,437.50 ($19.35).
Fresnillo (FRES) traded up GBX 10.73 ($0.14) during midday trading on Tuesday, hitting GBX 1,289.73 ($17.36). 1,010,000 shares of the company were exchanged, compared to its average volume of 935,765. Fresnillo has a 1 year low of GBX 1,052 ($14.16) and a 1 year high of GBX 1,746 ($23.50).
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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