Fresnillo PLC (LON:FRES) Rating Reaffirmed
The brokerage firm has just set a price target of GBX 710.00 on Fresnillo PLC (LON:FRES) shares. This is 0.35% from the close price. In an analyst research report finalized on Monday morning, Macquarie has reaffirmed their Outperform rating on shares of FRES.
From a total of 11 analysts covering Fresnillo PLC (LON:FRES) stock, 6 rate it a ”Buy”, 0 a “Sell”, and 5 a ”Hold”. This means that 55% of the ratings are positive. The highest target price is GBX 1000 while the lowest target price is GBX 620. The mean of all analyst targets is GBX 741.80 with a 5.07% above today’s (GBX 706) stock price. Fresnillo PLC was the topic of 33 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Bank of America maintained shares on November 25 with “Neutral” rating. Deutsche Bank maintained shares with “Hold” rating and GBX 705 target share price in a report from an October 15. Deutsche Bank maintained FRES stock in a recent report from November 12 with “Hold” rating. Morgan Stanley maintained the rating on October 14. Morgan Stanley has a “Equalwt/Attractive” rating and a GBX 620 price target on shares. Finally, HSBC maintained the stock with “Buy” rating in a report issued on an October 26.
Approximately 119,599 shares of stock traded hands. Fresnillo Plc (LON:FRES) has risen 0.42% since May 1, 2015 and is uptrending. It has outperformed by 1.31% the S&P500.
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 company has a market cap of 5.18 billion GBP. The primary contents of this production include silver, gold, lead and zinc. It has 143.32 P/E ratio. The Firm 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.