Fresnillo (FRES) Price Target Cut to GBX 1,400 by Analysts at Numis Securities

Fresnillo (LON:FRES) had its price objective cut by Numis Securities from GBX 1,500 ($20.19) to GBX 1,400 ($18.84) in a research report issued to clients and investors on Friday. The brokerage currently has a “hold” rating on the stock. Numis Securities’ price target suggests a potential upside of 6.63% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Jefferies Group initiated coverage on Fresnillo in a report on Wednesday, November 29th. They set a “buy” rating and a GBX 1,600 ($21.53) price target on the stock. HSBC raised Fresnillo to a “buy” rating and lowered their price target for the company from GBX 1,760 ($23.69) to GBX 1,570 ($21.13) in a report on Wednesday, November 15th. Barclays reissued an “equal weight” rating and set a GBX 1,350 ($18.17) price target on shares of Fresnillo in a report on Tuesday, October 24th. J P Morgan Chase & Co lowered their price target on Fresnillo from GBX 1,500 ($20.19) to GBX 1,450 ($19.52) and set a “neutral” rating on the stock in a report on Thursday, October 26th. Finally, Goldman Sachs Group raised Fresnillo to a “neutral” rating in a report on Friday, December 8th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 1,429.17 ($19.24).

Fresnillo (FRES) opened at GBX 1,313 ($17.67) on Friday. Fresnillo has a twelve month low of GBX 1,052 ($14.16) and a twelve month high of GBX 1,746 ($23.50).

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About Fresnillo

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.

Analyst Recommendations for Fresnillo (LON:FRES)

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