Brokerages Set Fresnillo Plc (FRES) PT at $1,424.50
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).
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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