Fresnillo Plc (FRES) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Fresnillo Plc (LON:FRES) have received a consensus rating of “Hold” from the twelve ratings firms that are currently covering the firm, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is GBX 1,485 ($19.99).

Several equities analysts recently weighed in on FRES shares. Numis Securities cut their price target on Fresnillo from GBX 1,500 ($20.19) to GBX 1,400 ($18.84) and set a “hold” rating for the company in a research note on Friday. Macquarie restated a “neutral” rating and issued a GBX 1,800 ($24.23) price target on shares of Fresnillo in a research note on Wednesday, October 4th. Goldman Sachs Group upgraded Fresnillo to a “neutral” rating in a research note on Friday, December 8th. Citigroup upgraded Fresnillo to a “neutral” rating in a research note on Tuesday, December 5th. Finally, Jefferies Group started coverage on Fresnillo in a research note on Wednesday, November 29th. They issued a “buy” rating and a GBX 1,600 ($21.53) price target for the company.

Fresnillo (LON FRES) opened at GBX 1,359 ($18.29) on Monday. Fresnillo has a 12 month low of GBX 1,052 ($14.16) and a 12 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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