Morgan Stanley upgraded shares of Fresnillo Plc (LON:FRES) to an equal weight rating in a research note issued to investors on Tuesday. Morgan Stanley currently has GBX 1,620 ($21.15) target price on the stock, up from their previous target price of GBX 1,520 ($19.84).
A number of other brokerages have also issued reports on FRES. Deutsche Bank AG reaffirmed a sell rating on shares of Fresnillo Plc in a research report on Tuesday, July 12th. Barclays PLC reaffirmed an equal weight rating and set a GBX 1,050 ($13.71) target price on shares of Fresnillo Plc in a research report on Wednesday, August 3rd. Numis Securities Ltd reaffirmed a sell rating and set a GBX 1,400 ($18.27) target price on shares of Fresnillo Plc in a research report on Wednesday, August 3rd. Credit Suisse Group AG reaffirmed an outperform rating on shares of Fresnillo Plc in a research report on Friday, August 5th. Finally, Macquarie reiterated a neutral rating on shares of Fresnillo Plc in a research note on Monday, August 22nd. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of Hold and an average price target of GBX 1,203.64 ($15.71).
Fresnillo Plc (LON:FRES) opened at 1836.00 on Tuesday. The firm’s market cap is GBX 13.53 billion. The firm’s 50-day moving average is GBX 1,762.70 and its 200 day moving average is GBX 1,423.75. Fresnillo Plc has a 1-year low of GBX 594.36 and a 1-year high of GBX 2,057.21.
Fresnillo Plc 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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