Fresnillo PLC (FRES) Upgraded to Buy at HSBC Holdings PLC
HSBC Holdings PLC upgraded shares of Fresnillo PLC (LON:FRES) to a buy rating in a research report report published on Wednesday. They currently have GBX 1,570 ($20.65) price target on the stock, down from their prior price target of GBX 1,760 ($23.15).
Several other research firms also recently commented on FRES. Barclays PLC reissued an equal weight rating and set a GBX 1,350 ($17.76) target price on shares of Fresnillo PLC in a research report on Tuesday, October 24th. Macquarie reissued a neutral rating and set a GBX 1,800 ($23.67) target price on shares of Fresnillo PLC in a research report on Wednesday, October 4th. Numis Securities Ltd decreased their target price on shares of Fresnillo PLC from GBX 1,600 ($21.04) to GBX 1,500 ($19.73) and set a hold rating for the company in a research report on Monday, September 25th. J P Morgan Chase & Co decreased their target price on shares of Fresnillo PLC from GBX 1,500 ($19.73) to GBX 1,450 ($19.07) and set a neutral rating for the company in a research report on Thursday, October 26th. Finally, Citigroup Inc. reissued a sell rating and set a GBX 1,225 ($16.11) target price on shares of Fresnillo PLC in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of GBX 1,422.73 ($18.71).
Fresnillo PLC (LON FRES) traded down GBX 30 ($0.39) during trading hours on Wednesday, hitting GBX 1,295 ($17.03). 1,223,117 shares of the stock traded hands, compared to its average volume of 827,384. Fresnillo PLC has a one year low of GBX 1,052 ($13.84) and a one year high of GBX 1,746 ($22.96).
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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