Fresnillo (FRES) Stock Rating Upgraded by Goldman Sachs Group

Fresnillo (LON:FRES) was upgraded by research analysts at Goldman Sachs Group to a “neutral” rating in a report released on Friday.

Several other analysts have also recently issued reports on FRES. Numis Securities decreased their target price on shares of Fresnillo from GBX 1,600 ($21.53) to GBX 1,500 ($20.19) and set a “hold” rating on the stock in a research report on Monday, September 25th. Macquarie restated a “neutral” rating and set a GBX 1,800 ($24.23) target price on shares of Fresnillo in a research report on Wednesday, October 4th. Barclays restated an “equal weight” rating and set a GBX 1,350 ($18.17) target price on shares of Fresnillo in a research report on Tuesday, October 24th. J P Morgan Chase & Co decreased their target price on shares of Fresnillo from GBX 1,500 ($20.19) to GBX 1,450 ($19.52) and set a “neutral” rating on the stock in a research report on Thursday, October 26th. Finally, HSBC upgraded shares of Fresnillo to a “buy” rating and decreased their target price for the company from GBX 1,760 ($23.69) to GBX 1,570 ($21.13) in a research report on Wednesday, November 15th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Fresnillo currently has a consensus rating of “Hold” and an average price target of GBX 1,437.50 ($19.35).

Shares of Fresnillo (FRES) opened at GBX 1,289.73 ($17.36) on Friday. 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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