Fresnillo Plc (LON:FRES) had its price objective hoisted by investment analysts at Deutsche Bank AG from GBX 1,210 ($15.79) to GBX 1,290 ($16.84) in a research report issued on Wednesday. The brokerage currently has a “sell” rating on the stock. Deutsche Bank AG’s price objective suggests a potential downside of 20.07% from the stock’s current price.
FRES has been the subject of several other reports. Macquarie reissued a “neutral” rating and set a GBX 1,600 ($20.89) target price on shares of Fresnillo Plc in a research note on Tuesday, September 20th. JPMorgan Chase & Co. lowered shares of Fresnillo Plc to a “neutral” rating and increased their target price for the company from GBX 1,100 ($14.36) to GBX 1,200 ($15.66) in a research note on Tuesday, July 5th. Morgan Stanley raised shares of Fresnillo Plc to an “equal weight” rating and increased their target price for the company from GBX 1,520 ($19.84) to GBX 1,620 ($21.15) in a research note on Tuesday, September 27th. Goldman Sachs Group Inc. reissued a “neutral” rating and set a GBX 1,200 ($15.66) target price on shares of Fresnillo Plc in a research note on Monday, June 27th. Finally, Barclays PLC reissued an “equal weight” rating and set a GBX 1,050 ($13.71) target price on shares of Fresnillo Plc in a research note on Wednesday, August 3rd. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of GBX 1,210.91 ($15.81).
Fresnillo Plc (LON:FRES) opened at 1680.00 on Wednesday. Fresnillo Plc has a one year low of GBX 612.50 and a one year high of GBX 2,057.21. The firm has a 50 day moving average of GBX 1,732.50 and a 200-day moving average of GBX 1,445.92. The firm’s market cap is GBX 12.38 billion.
About Fresnillo Plc
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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