Fresnillo Plc (FRES) Receives GBX 1,292.50 Average Price Target from Analysts

Fresnillo Plc (LON:FRES) has been given a consensus rating of “Buy” by the eleven analysts that are covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 1,239 ($16.19).

A number of brokerages recently issued reports on FRES. UBS Group reissued a “neutral” rating on shares of Fresnillo in a research report on Thursday, July 26th. Barclays cut their price objective on Fresnillo from GBX 1,330 ($17.38) to GBX 1,200 ($15.68) and set an “equal weight” rating for the company in a research report on Wednesday, July 18th. Credit Suisse Group downgraded Fresnillo to a “neutral” rating and cut their price objective for the stock from GBX 1,460.74 ($19.09) to GBX 1,270 ($16.59) in a research report on Thursday, July 5th. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,350 ($17.64) price objective (down from GBX 1,600 ($20.91)) on shares of Fresnillo in a research report on Wednesday. Finally, Citigroup cut their price objective on Fresnillo from GBX 1,285 ($16.79) to GBX 1,000 ($13.07) and set a “neutral” rating for the company in a research report on Wednesday.

Shares of FRES traded down GBX 13.40 ($0.18) during midday trading on Friday, reaching GBX 887.60 ($11.60). The company had a trading volume of 796,151 shares, compared to its average volume of 1,260,000. Fresnillo has a 1-year low of GBX 1,174 ($15.34) and a 1-year high of GBX 1,746 ($22.81).

About Fresnillo

Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. It primarily explores for silver, gold, lead, and zinc concentrates. The company's operating mines include the Fresnillo, Saucito, Ciénega, Herradura, Noche Buena, and San Julián; development projects comprise the Pyrites Plant, and second line of the DLP at Herradura; and advanced exploration projects consist of the Orisyvo, Juanicipio, Las Casas Rosario and Cluster Cebollitas, and Centauro Deep, as well as various other long term exploration prospects.

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Analyst Recommendations for Fresnillo (LON:FRES)

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