Fresnillo (FRES) Upgraded by Citigroup to “Neutral”

Fresnillo (LON:FRES) was upgraded by equities researchers at Citigroup to a “neutral” rating in a research report issued to clients and investors on Tuesday.

Other equities research analysts have also recently issued reports about the company. Jefferies Group began coverage on Fresnillo in a research note on Wednesday, November 29th. They issued a “buy” rating and a GBX 1,600 ($21.53) target price on the stock. Barclays reissued an “equal weight” rating and issued a GBX 1,350 ($18.17) target price on shares of Fresnillo in a research note on Tuesday, October 24th. Macquarie reissued a “neutral” rating and issued a GBX 1,800 ($24.23) target price on shares of Fresnillo in a research note on Wednesday, October 4th. Numis Securities cut their target price on Fresnillo from GBX 1,600 ($21.53) to GBX 1,500 ($20.19) and set a “hold” rating on the stock in a research note on Monday, September 25th. Finally, HSBC raised Fresnillo to a “buy” rating and cut their target price for the stock from GBX 1,760 ($23.69) to GBX 1,570 ($21.13) in a research note on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of GBX 1,437.50 ($19.35).

Shares of Fresnillo (FRES) opened at GBX 1,281.90 ($17.25) on Tuesday. Fresnillo has a 1-year low of GBX 1,052 ($14.16) and a 1-year high of GBX 1,746 ($23.50).

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About Fresnillo

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.

Analyst Recommendations for Fresnillo (LON:FRES)

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