Fresnillo Plc (FRES) Given “Neutral” Rating at Macquarie
Macquarie reaffirmed their neutral rating on shares of Fresnillo Plc (LON:FRES) in a research report sent to investors on Tuesday. Macquarie currently has a GBX 1,600 ($20.89) price target on the stock.
FRES has been the subject of several other research reports. Deutsche Bank AG reaffirmed a sell rating and issued a GBX 790 ($10.31) price target on shares of Fresnillo Plc in a research report on Monday, June 6th. Goldman Sachs Group Inc. reaffirmed a sell rating and issued a GBX 750 ($9.79) price target on shares of Fresnillo Plc in a research report on Thursday, June 16th. Credit Suisse Group AG reaffirmed an outperform rating on shares of Fresnillo Plc in a research report on Friday, August 5th. JPMorgan Chase & Co. upped their price target on shares of Fresnillo Plc from GBX 1,360 ($17.75) to GBX 1,400 ($18.27) and gave the stock a neutral rating in a research report on Friday, July 29th. Finally, Barclays PLC reaffirmed an equal weight rating and issued a GBX 1,050 ($13.71) price target on shares of Fresnillo Plc in a research report on Wednesday, August 3rd. Five analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. Fresnillo Plc currently has an average rating of Hold and an average price target of GBX 1,120 ($14.62).
Shares of Fresnillo Plc (LON:FRES) opened at 1701.00 on Tuesday. The stock’s market cap is GBX 12.53 billion. The company has a 50-day moving average of GBX 1,795.70 and a 200 day moving average of GBX 1,382.70. Fresnillo Plc has a one year low of GBX 579.00 and a one year high of GBX 2,057.21.
About Fresnillo Plc
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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