Fresnillo (FRES) Now Covered by Jefferies Group

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).

COPYRIGHT VIOLATION NOTICE: This news story was first published by American Banking News and is the property of of American Banking News. If you are reading this news story on another website, it was illegally stolen and reposted in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2017/12/31/fresnillo-fres-now-covered-by-jefferies-group.html.

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)

Receive News & Ratings for Fresnillo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fresnillo and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply