Jefferies Group assumed coverage on shares of Fresnillo (LON:FRES) in a note issued to investors on Wednesday, November 29th. The firm set a “buy” rating and a GBX 1,600 ($21.39) price target on the stock. Jefferies Group’s target price points to a potential upside of 11.97% from the stock’s current price.
Several other equities analysts have also commented on the stock. Goldman Sachs Group restated a “sell” rating and set a GBX 1,075 ($14.37) price target on shares of Fresnillo in a research report on Thursday, October 26th. JPMorgan Chase & Co. lowered their price target on shares of Fresnillo from GBX 1,500 ($20.06) to GBX 1,450 ($19.39) and set a “neutral” rating for the company in a research report on Thursday, October 26th. Barclays restated an “equal weight” rating and set a GBX 1,350 ($18.05) price target on shares of Fresnillo in a research report on Tuesday, October 24th. HSBC upgraded shares of Fresnillo to a “buy” rating and lowered their price target for the stock from GBX 1,760 ($23.53) to GBX 1,570 ($20.99) in a research report on Wednesday, November 15th. Finally, Numis Securities lowered their price target on shares of Fresnillo from GBX 1,600 ($21.39) to GBX 1,500 ($20.06) and set a “hold” rating for the company 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 stock. The stock has a consensus rating of “Hold” and an average target price of GBX 1,429.17 ($19.11).
Shares of Fresnillo (LON:FRES) traded up GBX 39 ($0.52) during trading hours on Wednesday, hitting GBX 1,429 ($19.11). 388,629 shares of the company’s stock were exchanged, compared to its average volume of 852,594. The firm has a market capitalization of $10,190.00 and a PE ratio of 2,507.02. Fresnillo has a 52 week low of GBX 1,185 ($15.84) and a 52 week high of GBX 1,746 ($23.35).
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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