Fresnillo (LON:FRES)‘s stock had its “neutral” rating reissued by research analysts at UBS Group in a research note issued to investors on Thursday, investing.thisismoney.co.uk reports.
Several other research firms also recently commented on FRES. Goldman Sachs Group cut their target price on shares of Fresnillo from GBX 1,575 ($20.58) to GBX 1,550 ($20.25) and set a “conviction-buy” rating on the stock in a research report on Monday, August 6th. JPMorgan Chase & Co. cut their target price on shares of Fresnillo from GBX 1,300 ($16.99) to GBX 1,250 ($16.33) and set a “neutral” rating on the stock in a research report on Wednesday, August 8th. Royal Bank of Canada upgraded shares of Fresnillo to a “top pick” rating and lifted their target price for the stock from GBX 1,200 ($15.68) to GBX 1,300 ($16.99) in a research report on Tuesday, September 18th. Morgan Stanley cut their target price on shares of Fresnillo from GBX 1,330 ($17.38) to GBX 1,200 ($15.68) and set an “equal weight” rating on the stock in a research report on Tuesday, August 14th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,350 ($17.64) target price (down from GBX 1,600 ($20.91)) on shares of Fresnillo in a research report on Wednesday, October 17th. Six analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. Fresnillo currently has an average rating of “Buy” and an average target price of GBX 1,245 ($16.27).
LON:FRES opened at GBX 909.80 ($11.89) on Thursday. Fresnillo has a one year low of GBX 1,174 ($15.34) and a one year high of GBX 1,746 ($22.81).
Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. It primarily explores for silver, gold, lead, and zinc concentrates. The company's operating mines include the Fresnillo, Saucito, Ciénega, Herradura, Noche Buena, and San Julián; development projects comprise the Pyrites Plant, and second line of the DLP at Herradura; and advanced exploration projects consist of the Orisyvo, Juanicipio, Las Casas Rosario and Cluster Cebollitas, and Centauro Deep, as well as various other long term exploration prospects.
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