Fresnillo Plc (FRES) Earns Neutral Rating from Macquarie

Fresnillo Plc (FRES) Earns Neutral Rating from Macquarie

Macquarie reiterated their neutral rating on shares of Fresnillo Plc (LON:FRES) in a report released on Monday morning. They currently have a GBX 1,300 ($16.19) price objective on the stock.

FRES has been the topic of a number of other reports. J P Morgan Chase & Co upped their target price on shares of Fresnillo Plc from GBX 1,600 ($19.93) to GBX 1,650 ($20.55) and gave the stock a neutral rating in a research note on Thursday, January 26th. Numis Securities Ltd lowered shares of Fresnillo Plc to a hold rating and set a GBX 1,500 ($18.68) target price on the stock. in a research note on Thursday, January 26th. Citigroup Inc. upped their target price on shares of Fresnillo Plc from GBX 1,100 ($13.70) to GBX 1,225 ($15.26) and gave the stock a sell rating in a research note on Friday, January 27th. Barclays PLC restated an equal weight rating and set a GBX 1,760 ($21.92) target price on shares of Fresnillo Plc in a research note on Monday, October 24th. Finally, Deutsche Bank AG upgraded shares of Fresnillo Plc to a hold rating and set a GBX 1,340 ($16.69) target price on the stock in a research note on Tuesday, November 15th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of GBX 1,352.27 ($16.84).

Shares of Fresnillo Plc (LON:FRES) opened at 1547.00 on Monday. Fresnillo Plc has a 52 week low of GBX 736.55 and a 52 week high of GBX 2,057.21. The firm’s market capitalization is GBX 11.40 billion. The firm’s 50-day moving average is GBX 1,276.51 and its 200 day moving average is GBX 1,574.72.

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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