Fresnillo Plc (LON:FRES) Earns “Hold” Rating from Numis Securities Ltd
Numis Securities Ltd reaffirmed their hold rating on shares of Fresnillo Plc (LON:FRES) in a research report report published on Thursday morning. They currently have a GBX 1,600 ($20.84) target price on the stock.
Several other research analysts have also recently commented on the company. Citigroup Inc. reissued a sell rating and set a GBX 1,225 ($15.96) price target on shares of Fresnillo Plc in a research report on Thursday. Barclays PLC reduced their price target on Fresnillo Plc from GBX 1,500 ($19.54) to GBX 1,350 ($17.59) and set an equal weight rating for the company in a research report on Friday, July 14th. HSBC Holdings plc cut Fresnillo Plc to a hold rating and reduced their price target for the company from GBX 1,830 ($23.84) to GBX 1,760 ($22.93) in a research report on Monday, June 12th. Macquarie increased their price target on Fresnillo Plc from GBX 1,300 ($16.94) to GBX 1,800 ($23.45) and gave the company a neutral rating in a research report on Thursday, June 8th. Finally, J P Morgan Chase & Co reduced their price target on Fresnillo Plc from GBX 1,650 ($21.50) to GBX 1,500 ($19.54) and set a neutral rating for the company in a research report on Monday, June 5th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of GBX 1,443.18 ($18.80).
Shares of Fresnillo Plc (LON FRES) opened at 1531.00 on Thursday. Fresnillo Plc has a 12-month low of GBX 1,052.00 and a 12-month high of GBX 2,035.15. The firm’s market capitalization is GBX 11.28 billion. The company has a 50-day moving average price of GBX 1,528.57 and a 200 day moving average price of GBX 1,514.41.
Fresnillo Plc Company Profile
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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