Fresnillo (LON:FRES) Stock Upgrade
In analysts report sent to investors and clients on Monday, 14 December, Goldman Sachs boosted the shares of Fresnillo (LON:FRES) to a respectable Buy rating. They currently have a GBX 800.00 Estimated Target Price on the stock. This Estimated Target Price may suggest a possible upside of 20.30% from the current price of Fresnillo (LON:FRES) shares.
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 18.37 while the lowest target price is GBX 9.41. The mean of all analyst targets is GBX 12.14 with a 12.43% above today’s (GBX 670.88) stock price. Fresnillo PLC was the topic of 36 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs maintained shares on December 11 with “Buy/Neutral” rating. HSBC maintained shares with “Buy” rating and GBX 810 target share price in a report from an October 26. Macquarie Research maintained FRES stock in a recent report from November 30 with “Outperform” rating. Deutsche Bank maintained the rating on October 15. Deutsche Bank has a “Hold” rating and a GBX 705 price target on shares. Finally, Barclays Capital maintained the stock with “Equal Weight” rating in a report issued on a November 10.
The stock decreased 0.61% or GBX 4.12 on December 14, striking GBX 670.88. Approximately 917,175 shares of stock traded hands. Fresnillo Plc (LON:FRES) has declined 10.24% since May 15, 2015 and is downtrending. It has underperformed by 5.82% 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 4.96 billion GBP. The primary contents of this production include silver, gold, lead and zinc. It has 136.69 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.