Goldman Sachs Group lowered shares of Fresnillo (LON:FRES) to a sell rating in a research note published on Thursday morning, ThisIsMoney.Co.Uk reports. They currently have GBX 580 ($7.58) price objective on the stock, down from their prior price objective of GBX 670 ($8.75).
Several other equities research analysts have also commented on the stock. Morgan Stanley cut their price target on shares of Fresnillo from GBX 800 ($10.45) to GBX 700 ($9.15) and set an equal weight rating on the stock in a research note on Tuesday, August 20th. Bank of America reiterated a buy rating and set a GBX 860 ($11.24) price target on shares of Fresnillo in a research note on Tuesday, October 8th. Numis Securities reiterated a buy rating on shares of Fresnillo in a research note on Thursday, October 24th. Royal Bank of Canada reiterated a sector performer rating on shares of Fresnillo in a research note on Monday, October 14th. Finally, Barclays cut their price target on shares of Fresnillo from GBX 900 ($11.76) to GBX 760 ($9.93) and set an equal weight rating on the stock in a research note on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of GBX 758.10 ($9.91).
Shares of Fresnillo stock traded down GBX 12 ($0.16) during trading on Thursday, hitting GBX 624.40 ($8.16). 2,557,961 shares of the stock were exchanged, compared to its average volume of 1,260,000. The firm’s 50-day moving average price is GBX 666.76 and its 200 day moving average price is GBX 738.61. Fresnillo has a 12-month low of GBX 570 ($7.45) and a 12-month high of GBX 1,028 ($13.43). The company has a debt-to-equity ratio of 26.08, a current ratio of 7.40 and a quick ratio of 5.37. The stock has a market cap of $4.52 billion and a price-to-earnings ratio of 24.20.
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, Soledad-Dipolos, 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 Juanicipio, Las Casas, Cebollitas Cluster, Centauro Deep, Centauro Pit Expansion as part of Herradura, and Orisyvo.
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