Fresnillo Plc (FRES) Receives GBX 1,384.09 Consensus Price Target from Analysts
Shares of Fresnillo Plc (LON:FRES) have received an average recommendation of “Buy” from the twelve research firms that are covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is GBX 1,384.09 ($18.03).
Several analysts have weighed in on FRES shares. UBS Group reiterated a “neutral” rating on shares of Fresnillo in a research note on Thursday, July 26th. Barclays dropped their price target on Fresnillo from GBX 1,330 ($17.32) to GBX 1,200 ($15.63) and set an “equal weight” rating on the stock in a research note on Wednesday, July 18th. Credit Suisse Group downgraded Fresnillo to a “neutral” rating and dropped their price target for the company from GBX 1,460.74 ($19.03) to GBX 1,270 ($16.54) in a research note on Thursday, July 5th. Morgan Stanley dropped their price target on Fresnillo from GBX 1,330 ($17.32) to GBX 1,200 ($15.63) and set an “equal weight” rating on the stock in a research note on Tuesday, August 14th. Finally, Numis Securities reiterated a “buy” rating and set a GBX 1,450 ($18.89) price target on shares of Fresnillo in a research note on Thursday, July 26th.
FRES stock traded up GBX 2.60 ($0.03) on Wednesday, hitting GBX 856.20 ($11.15). 1,585,638 shares of the company’s stock were exchanged, compared to its average volume of 1,260,000. Fresnillo has a 12-month low of GBX 1,174 ($15.29) and a 12-month high of GBX 1,746 ($22.74).
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, 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.
Recommended Story: The Role of a Fiduciary and Individual Investors
Receive News & Ratings for Fresnillo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fresnillo and related companies with MarketBeat.com's FREE daily email newsletter.