Fresnillo (LON:FRES) Rating Reiterated by Goldman Sachs Group

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Fresnillo (LON:FRES)‘s stock had its “conviction-buy” rating restated by equities research analysts at Goldman Sachs Group in a research report issued on Tuesday, ThisIsMoney.Co.Uk reports.

A number of other research firms also recently weighed in on FRES. UBS Group dropped their target price on Fresnillo from GBX 800 ($10.45) to GBX 700 ($9.15) and set a “neutral” rating for the company in a research report on Thursday, August 8th. Panmure Gordon initiated coverage on Fresnillo in a research report on Tuesday, May 14th. They issued a “hold” rating and a GBX 811 ($10.60) target price for the company. Barclays dropped their target price on Fresnillo from GBX 900 ($11.76) to GBX 760 ($9.93) and set an “equal weight” rating for the company in a research report on Thursday, July 18th. Royal Bank of Canada downgraded Fresnillo to a “sector performer” rating and dropped their target price for the stock from GBX 1,150 ($15.03) to GBX 650 ($8.49) in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. boosted their target price on Fresnillo from GBX 950 ($12.41) to GBX 1,000 ($13.07) and gave the stock a “neutral” rating in a research report on Friday, July 5th. Eight research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 918.73 ($12.00).

Shares of FRES opened at GBX 684.20 ($8.94) on Tuesday. The firm’s 50-day simple moving average is GBX 785.48. The company has a market cap of $5.04 billion and a P/E ratio of 26.52. Fresnillo has a 12-month low of GBX 570 ($7.45) and a 12-month high of GBX 1,028 ($13.43). The company has a current ratio of 7.40, a quick ratio of 5.37 and a debt-to-equity ratio of 26.08.

In other news, insider Charles Jacobs bought 1,600 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was bought at an average price of GBX 626 ($8.18) per share, for a total transaction of £10,016 ($13,087.68).

Fresnillo Company Profile

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, Soledad-Dipolos, 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 Juanicipio, Las Casas, Cebollitas Cluster, Centauro Deep, Centauro Pit Expansion as part of Herradura, and Orisyvo.

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Analyst Recommendations for Fresnillo (LON:FRES)

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