Fresnillo Plc (FRES) Receives Consensus Recommendation of “Hold” from Brokerages
Fresnillo Plc (LON:FRES) has been given an average recommendation of “Hold” by the twelve brokerages that are presently 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 12 month price target among brokers that have issued a report on the stock in the last year is GBX 1,484 ($20.12).
Several equities analysts have recently commented on the stock. Numis Securities reduced their price target on shares of Fresnillo from GBX 1,600 ($21.70) to GBX 1,500 ($20.34) and set a “hold” rating on the stock in a research report on Monday, September 25th. Macquarie reaffirmed a “neutral” rating and set a GBX 1,800 ($24.41) price target on shares of Fresnillo in a research report on Wednesday, October 4th. Barclays reduced their price target on shares of Fresnillo from GBX 1,350 ($18.31) to GBX 1,340 ($18.17) and set an “equal weight” rating on the stock in a research report on Monday. Jefferies Group initiated coverage on shares of Fresnillo in a report on Wednesday, November 29th. They issued a “buy” rating and a GBX 1,600 ($21.70) target price on the stock. Finally, Goldman Sachs Group reissued a “sell” rating and issued a GBX 1,075 ($14.58) target price on shares of Fresnillo in a report on Thursday, October 26th.
Shares of Fresnillo (LON:FRES) opened at GBX 1,437.97 ($19.50) on Friday. The firm has a market capitalization of $10,570.00 and a PE ratio of 2,522.75. Fresnillo has a 52 week low of GBX 1,231 ($16.69) and a 52 week high of GBX 1,746 ($23.68).
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Fresnillo Company Profile
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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