Fresnillo (LON:FRES) was upgraded by Numis Securities to an “add” rating in a research report issued on Wednesday, February 28th. The brokerage currently has a GBX 1,450 ($20.03) price target on the stock. Numis Securities’ target price indicates a potential upside of 19.24% from the company’s previous close.
A number of other brokerages have also recently commented on FRES. Barclays decreased their price target on Fresnillo from GBX 1,350 ($18.65) to GBX 1,340 ($18.51) and set an “equal weight” rating on the stock in a research report on Monday, January 8th. Citigroup restated a “neutral” rating and issued a GBX 1,360 ($18.79) price target on shares of Fresnillo in a research report on Thursday, January 25th. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 1,450 ($20.03) price target on shares of Fresnillo in a research report on Thursday, January 25th. Jefferies Group assumed coverage on Fresnillo in a research report on Wednesday, November 29th. They issued a “buy” rating and a GBX 1,600 ($22.11) price target on the stock. Finally, HSBC raised Fresnillo to a “buy” rating and reduced their price objective for the company from GBX 1,760 ($24.32) to GBX 1,570 ($21.69) in a research note on Wednesday, November 15th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 1,464.55 ($20.23).
Shares of Fresnillo (LON:FRES) traded down GBX 11.50 ($0.16) during midday trading on Wednesday, hitting GBX 1,216 ($16.80). The company had a trading volume of 888,310 shares, compared to its average volume of 1,260,000. Fresnillo has a 52 week low of GBX 1,174 ($16.22) and a 52 week high of GBX 1,746 ($24.12). The company has a market capitalization of $8,960.00 and a PE ratio of 2,251.85.
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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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