HSBC Holdings plc Upgrades Fresnillo PLC (FRES) to “Buy”

Fresnillo PLC (LON:FRES) was upgraded by research analysts at HSBC Holdings plc to a “buy” rating in a research report issued on Wednesday. The firm presently has a GBX 1,570 ($20.65) price objective on the stock, down from their prior price objective of GBX 1,760 ($23.15). HSBC Holdings plc’s price objective indicates a potential upside of 22.37% from the company’s previous close.

A number of other equities analysts have also recently commented on the stock. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and issued a GBX 1,075 ($14.14) price target on shares of Fresnillo PLC in a research note on Thursday, October 26th. J P Morgan Chase & Co cut their price target on shares of Fresnillo PLC from GBX 1,500 ($19.73) to GBX 1,450 ($19.07) and set a “neutral” rating for the company in a research note on Thursday, October 26th. Barclays PLC reissued an “equal weight” rating and issued a GBX 1,350 ($17.76) price target on shares of Fresnillo PLC in a research note on Tuesday, October 24th. Macquarie reissued a “neutral” rating and issued a GBX 1,800 ($23.67) price target on shares of Fresnillo PLC in a research note on Wednesday, October 4th. Finally, Numis Securities Ltd cut their price objective on shares of Fresnillo PLC from GBX 1,600 ($21.04) to GBX 1,500 ($19.73) and set a “hold” rating for the company in a research note on Monday, September 25th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 1,422.73 ($18.71).

Fresnillo PLC (LON:FRES) opened at GBX 1,283 ($16.87) on Wednesday. Fresnillo PLC has a 12 month low of GBX 1,052 ($13.84) and a 12 month high of GBX 1,746 ($22.96).

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Fresnillo PLC Company Profile

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 PLC (LON:FRES)

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