Fresnillo Plc’s (FRES) “Neutral” Rating Reiterated at Macquarie

Fresnillo Plc (LON:FRES)‘s stock had its “neutral” rating reiterated by Macquarie in a report released on Monday. They currently have a GBX 1,600 ($19.80) price target on the stock. Macquarie’s price objective suggests a potential downside of 1.23% from the stock’s current price.

FRES has been the subject of a number of other research reports. Morgan Stanley raised Fresnillo Plc to an “equal weight” rating and increased their price objective for the company from GBX 1,520 ($18.81) to GBX 1,620 ($20.05) in a research note on Tuesday, September 27th. Goldman Sachs Group Inc. restated a “neutral” rating and set a GBX 1,200 ($14.85) target price on shares of Fresnillo Plc in a report on Monday, June 27th. Deutsche Bank AG restated a “sell” rating on shares of Fresnillo Plc in a report on Tuesday, July 12th. Credit Suisse Group AG restated an “outperform” rating on shares of Fresnillo Plc in a report on Friday, August 5th. Finally, JPMorgan Chase & Co. upped their target price on Fresnillo Plc from GBX 1,360 ($16.83) to GBX 1,400 ($17.33) and gave the company a “neutral” rating in a report on Friday, July 29th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 1,210.91 ($14.99).

Analyst Recommendations for Fresnillo Plc (LON:FRES)

Fresnillo Plc (LON:FRES) opened at 1614.00 on Monday. The stock’s market capitalization is GBX 11.89 billion. The firm’s 50-day moving average is GBX 1,698.73 and its 200-day moving average is GBX 1,470.24. Fresnillo Plc has a 12-month low of GBX 612.50 and a 12-month high of GBX 2,057.21.

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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