Fresnillo Plc (LON:FRES) Receives GBX 769.83 Consensus Target Price from Analysts

Shares of Fresnillo Plc (LON:FRES) have been assigned a consensus recommendation of “Buy” from the fourteen research firms that are currently covering the firm, Market Beat.com reports. Five investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is GBX 769.83 ($11.46).

A number of brokerages have recently issued reports on FRES. HSBC restated a “buy” rating and set a GBX 810 ($12.05) price objective on shares of Fresnillo Plc in a report on Monday, October 26th. Deutsche Bank restated a “hold” rating and set a GBX 705 ($10.49) price objective on shares of Fresnillo Plc in a report on Thursday, October 15th. Barclays restated an “equal weight” rating and set a GBX 700 ($10.42) price objective on shares of Fresnillo Plc in a report on Thursday, October 15th. Morgan Stanley restated an “equalwt/attractive” rating and set a GBX 620 ($9.23) price objective on shares of Fresnillo Plc in a report on Wednesday, October 14th. Finally, Macquarie restated an “outperform” rating and set a GBX 710 ($10.57) price objective on shares of Fresnillo Plc in a report on Monday, November 30th.

Fresnillo Plc (LON:FRES) traded up 0.9181% during midday trading on Monday, reaching GBX 714.5000. The company had a trading volume of 580,953 shares. Fresnillo Plc has a one year low of GBX 569.63 and a one year high of GBX 939.50. The company’s market capitalization is GBX 5.27 billion. The stock’s 50 day moving average is GBX 692.57 and its 200 day moving average is GBX 673.11.

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. The Company has two development projects, which include Saucito II and San Julian. The Company’s subsidiaries include Minera Fresnillo, S.A. de C.V., Minera Penmont, S. de R.L. de C.V., Minera Saucito, S.A. de C.V. and Fresbal Investments, Ltd.

 

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