Fresnillo (FRES) Price Target Lowered to GBX 1,000 at Barclays

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Fresnillo (LON:FRES) had its price target lowered by Barclays from GBX 1,200 ($15.68) to GBX 1,000 ($13.07) in a research report report published on Friday. Barclays currently has an equal weight rating on the stock.

FRES has been the subject of several other research reports. Credit Suisse Group lowered shares of Fresnillo to a neutral rating and lowered their target price for the stock from GBX 1,460.74 ($19.09) to GBX 1,270 ($16.59) in a research note on Thursday, July 5th. UBS Group reaffirmed a neutral rating and set a GBX 900 ($11.76) target price (down previously from GBX 1,200 ($15.68)) on shares of Fresnillo in a research note on Thursday, September 27th. Morgan Stanley lowered their target price on shares of Fresnillo from GBX 1,620 ($21.17) to GBX 1,330 ($17.38) and set an equal weight rating for the company in a research note on Friday, June 29th. Numis Securities reaffirmed a buy rating and set a GBX 1,450 ($18.95) target price on shares of Fresnillo in a research note on Thursday, July 26th. Finally, Royal Bank of Canada raised shares of Fresnillo to a top pick rating and increased their target price for the stock from GBX 1,200 ($15.68) to GBX 1,300 ($16.99) in a research note on Tuesday, September 18th. Six equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of GBX 1,306.82 ($17.08).

FRES stock traded up GBX 37.40 ($0.49) during mid-day trading on Friday, hitting GBX 876.40 ($11.45). 4,379,482 shares of the company were exchanged, compared to its average volume of 1,260,000. Fresnillo has a 12-month low of GBX 1,174 ($15.34) and a 12-month high of GBX 1,746 ($22.81).

About Fresnillo

Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. It primarily explores for silver, gold, lead, and zinc concentrates. The company's operating mines include the Fresnillo, Saucito, Ciénega, Herradura, Noche Buena, and San Julián; development projects comprise the Pyrites Plant, and second line of the DLP at Herradura; and advanced exploration projects consist of the Orisyvo, Juanicipio, Las Casas Rosario and Cluster Cebollitas, and Centauro Deep, as well as various other long term exploration prospects.

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Analyst Recommendations for Fresnillo (LON:FRES)

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