Fresnillo’s (FRES) Neutral Rating Reiterated at JPMorgan Chase & Co.
JPMorgan Chase & Co. reiterated their neutral rating on shares of Fresnillo (LON:FRES) in a research report sent to investors on Tuesday morning. JPMorgan Chase & Co. currently has a GBX 1,500 ($20.72) price target on the stock.
A number of other equities research analysts have also commented on the company. Numis Securities upgraded Fresnillo to an add rating and set a GBX 1,450 ($20.03) target price on the stock in a research report on Wednesday, February 28th. Citigroup reiterated a neutral rating and issued a GBX 1,395 ($19.27) target price on shares of Fresnillo in a research report on Wednesday, February 28th. Barclays dropped their target price on Fresnillo from GBX 1,350 ($18.65) to GBX 1,340 ($18.51) and set an equal weight rating on the stock in a research report on Monday, January 8th. Goldman Sachs upgraded Fresnillo to a neutral rating in a research report on Friday, December 8th. Finally, Jefferies Group assumed coverage on Fresnillo in a research report on Wednesday, November 29th. They issued a buy rating and a GBX 1,600 ($22.11) target price on the stock. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Fresnillo presently has a consensus rating of Hold and an average target price of GBX 1,499 ($20.71).
Fresnillo (LON:FRES) opened at GBX 1,180 ($16.30) on Tuesday. The firm has a market capitalization of $8,790.00 and a P/E ratio of 2,145.45. Fresnillo has a 12 month low of GBX 1,174 ($16.22) and a 12 month high of GBX 1,746 ($24.12).
Fresnillo plc mines, develops, and produces non-ferrous minerals primarily in Mexico. It primarily explores for silver, gold, lead, and zinc ores. The company's primary operating mines include Fresnillo, Saucito, Ciénega, Herradura, Soledad-Dipolos, Noche Buena, and San Julián; development projects comprise San Julián, Pyrites Plant, and second line of DLP at Herradura; and advanced exploration projects consist of Orisyvo, Juanicipio, Las Casas Rosario and Cluster Cebollitas, and Centauro Deep, as well as various other long term exploration prospects.
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