Fresnillo Plc (LON:FRES) was upgraded by equities research analysts at Morgan Stanley to an “equal weight” rating in a note issued to investors on Tuesday. The brokerage presently has a GBX 1,620 ($21.15) target price on the stock, up from their prior target price of GBX 1,520 ($19.84). Morgan Stanley’s target price would suggest a potential downside of 8.84% from the company’s previous close.
Other equities research analysts have also recently issued reports about the company. Barclays PLC restated an “equal weight” rating and set a GBX 1,050 ($13.71) target price on shares of Fresnillo Plc in a report on Wednesday, August 3rd. JPMorgan Chase & Co. cut Fresnillo Plc to a “neutral” rating and increased their target price for the company from GBX 1,100 ($14.36) to GBX 1,200 ($15.66) in a report on Tuesday, July 5th. Goldman Sachs Group Inc. restated a “neutral” rating and set a GBX 1,200 ($15.66) target price on shares of Fresnillo Plc in a report on Monday, June 27th. Macquarie restated a “neutral” rating on shares of Fresnillo Plc in a report on Monday, August 22nd. Finally, Credit Suisse Group AG restated an “outperform” rating on shares of Fresnillo Plc in a report on Friday, August 5th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 1,203.64 ($15.71).
Shares of Fresnillo Plc (LON:FRES) opened at 1777.00 on Tuesday. The company has a 50-day moving average price of GBX 1,770.08 and a 200 day moving average price of GBX 1,415.65. Fresnillo Plc has a 1-year low of GBX 585.50 and a 1-year high of GBX 2,057.21. The firm’s market capitalization is GBX 13.09 billion.
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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