Fresnillo (LON:FRES) Rating Reaffirmed
In analysts note disseminated this morning, Goldman Sachs reaffirmed their Buy/Neutral rating on Fresnillo (LON:FRES) shares. The TP gives a possible upside of 19.40% from company’s close price.
From a total of 16 analysts covering Fresnillo PLC (LON:FRES) stock, 5 rate it a ”Buy”, 0 a “Sell”, and 10 a ”Hold”. This means that 33% of the ratings are positive. The highest target price is GBX 18.09 while the lowest target price is GBX 9.27. The mean of all analyst targets is GBX 11.97 with a 10.88% above today’s (GBX 669) stock price. Fresnillo PLC was the topic of 35 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 1 with “Hold” rating. Deutsche Bank maintained shares with “Hold” rating and GBX 705 target share price in a report from an October 15. Bank of America maintained FRES stock in a recent report from November 25 with “Neutral” 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 399,716 shares of stock traded hands. Fresnillo Plc (LON:FRES) has declined 11.56% since May 14, 2015 and is downtrending. It has underperformed by 8.55% 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 4.80 billion GBP. The primary contents of this production include silver, gold, lead and zinc. It has 136.5 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.