Fresnillo (FRES) Upgraded by Citigroup to “Neutral”

Citigroup upgraded shares of Fresnillo (LON:FRES) to a neutral rating in a research report released on Tuesday.

FRES has been the topic of a number of other reports. Goldman Sachs Group reiterated a sell rating and set a GBX 1,075 ($14.47) price target on shares of Fresnillo in a report on Thursday, October 26th. HSBC upgraded Fresnillo to a buy rating and dropped their price target for the stock from GBX 1,760 ($23.69) to GBX 1,570 ($21.13) in a report on Wednesday, November 15th. J P Morgan Chase & Co lowered their target price on Fresnillo from GBX 1,500 ($20.19) to GBX 1,450 ($19.52) and set a neutral rating on the stock in a research note on Thursday, October 26th. Numis Securities lowered 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, Macquarie restated 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. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of GBX 1,437.50 ($19.35).

Shares of Fresnillo (LON:FRES) opened at GBX 1,269 ($17.08) 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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Fresnillo 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 (LON:FRES)

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