Fresnillo Plc (LON:FRES) has been assigned an average rating of “Hold” from the eleven analysts that are currently covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is GBX 1,424.50 ($18.97).

FRES has been the subject of a number of analyst reports. JPMorgan Chase & Co. lowered their price target on Fresnillo from GBX 1,500 ($19.97) to GBX 1,400 ($18.64) and set a “neutral” rating for the company in a research report on Monday, April 9th. Goldman Sachs Group restated a “conviction-buy” rating on shares of Fresnillo in a research report on Friday, April 6th. Numis Securities restated an “add” rating and issued a GBX 1,450 ($19.31) price target on shares of Fresnillo in a research report on Friday, April 27th. Citigroup lowered their price target on Fresnillo from GBX 1,395 ($18.57) to GBX 1,285 ($17.11) and set a “neutral” rating for the company in a research report on Thursday, April 26th. Finally, Royal Bank of Canada restated a “sector performer” rating and issued a GBX 1,200 ($15.98) price target on shares of Fresnillo in a research report on Wednesday, April 25th.

FRES traded down GBX 33.50 ($0.45) during trading on Friday, reaching GBX 1,101 ($14.66). The company had a trading volume of 1,063,069 shares, compared to its average volume of 1,260,000. Fresnillo has a 52 week low of GBX 1,174 ($15.63) and a 52 week high of GBX 1,746 ($23.25).

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.

Analyst Recommendations for Fresnillo (LON:FRES)

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