Fresnillo PLC (LON:FRES) Rating Reaffirmed
Fresnillo PLC (LON:FRES) just had their share rating of a ‘”Hold”‘ issued by research analysts at Deutsche Bank, who now has a GBX 570.00 target price per share on the 4.98 billion GBP market cap company or a -14.03% downside potential. This key information was announced in a very recent research note on Wednesday morning.
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 18.32 while the lowest target price is GBX 9.08. The mean of all analyst targets is GBX 12.19 with a 11.06% above today’s (GBX 667) stock price. Fresnillo PLC was the topic of 38 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 16 with “Hold” 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. Morgan Stanley maintained the rating on October 14. Morgan Stanley has a “Equalwt/Attractive” rating and a GBX 620 price target on shares. Finally, Barclays Capital maintained the stock with “Equal Weight” rating in a report issued on a November 10.
Approximately 121,076 shares of stock traded hands. Fresnillo Plc (LON:FRES) has declined 13.73% since May 19, 2015 and is downtrending. It has underperformed by 11.11% 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 4.98 billion GBP. The primary contents of this production include silver, gold, lead and zinc. It has 135.76 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.