Fresnillo Plc (FRES) Price Target Raised to GBX 1,800 at Macquarie

Fresnillo Plc (LON:FRES) had its target price increased by Macquarie from GBX 1,300 ($16.80) to GBX 1,800 ($23.26) in a research note published on Thursday. Macquarie currently has a neutral rating on the stock.

Several other research firms also recently commented on FRES. HSBC Holdings plc reiterated a buy rating and issued a GBX 1,840 ($23.78) price objective on shares of Fresnillo Plc in a research note on Wednesday, February 8th. Barclays PLC upped their price objective on Fresnillo Plc from GBX 1,400 ($18.09) to GBX 1,500 ($19.38) and gave the company an equal weight rating in a research note on Friday, April 21st. Deutsche Bank AG dropped their price objective on Fresnillo Plc from GBX 1,150 ($14.86) to GBX 1,120 ($14.47) and set a hold rating on the stock in a research note on Friday, March 17th. Goldman Sachs Group Inc reiterated a sell rating and issued a GBX 1,050 ($13.57) price objective on shares of Fresnillo Plc in a research note on Thursday, March 16th. Finally, JPMorgan Chase & Co. reiterated a neutral rating and issued a GBX 1,650 ($21.32) price objective on shares of Fresnillo Plc in a research note on Thursday, April 27th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. Fresnillo Plc currently has an average rating of Hold and an average price target of GBX 1,469.50 ($18.99).

Shares of Fresnillo Plc (LON FRES) traded up 3.60% during trading on Thursday, reaching GBX 1725.00. The company had a trading volume of 1,661,792 shares. The stock has a 50 day moving average price of GBX 1,534.50 and a 200 day moving average price of GBX 1,431.20. The firm’s market capitalization is GBX 12.71 billion. Fresnillo Plc has a 12 month low of GBX 1,052.00 and a 12 month high of GBX 2,057.21.

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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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