Fresnillo Plc (FRES) Receives GBX 1,352.27 Consensus Price Target from Brokerages

Fresnillo Plc (LON:FRES) has earned a consensus recommendation of “Hold” from the twelve brokerages that are currently covering the firm. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 1,352.27 ($16.84).

Several equities analysts have recently issued reports on FRES shares. HSBC Holdings plc reaffirmed a “buy” rating and set a GBX 1,840 ($22.92) price target on shares of Fresnillo Plc in a research note on Wednesday. Macquarie reaffirmed a “neutral” rating and set a GBX 1,300 ($16.19) price target on shares of Fresnillo Plc in a research note on Monday, February 6th. Citigroup Inc. raised their price target on shares of Fresnillo Plc from GBX 1,100 ($13.70) to GBX 1,225 ($15.26) and gave the company a “sell” rating in a research note on Friday, January 27th. Numis Securities Ltd downgraded shares of Fresnillo Plc to a “hold” rating and set a GBX 1,500 ($18.68) price target for the company. in a research note on Thursday, January 26th. Finally, J P Morgan Chase & Co raised their price target on shares of Fresnillo Plc from GBX 1,600 ($19.93) to GBX 1,650 ($20.55) and gave the company a “neutral” rating in a research note on Thursday, January 26th.

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Fresnillo Plc (LON:FRES) opened at 1555.00 on Thursday. The stock has a 50 day moving average of GBX 1,375.51 and a 200 day moving average of GBX 1,548.25. The firm’s market cap is GBX 11.46 billion. Fresnillo Plc has a one year low of GBX 855.00 and a one year high of GBX 2,057.21.

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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