Barclays Cuts Fresnillo (FRES) Price Target to GBX 1,000

Fresnillo (LON:FRES) had its price target reduced by Barclays from GBX 1,200 ($15.68) to GBX 1,000 ($13.07) in a research note released on Friday. They currently have an equal weight rating on the stock.

FRES has been the subject of a number of other research reports. Credit Suisse Group downgraded shares of Fresnillo to a neutral rating and decreased their price target for the stock from GBX 1,460.74 ($19.09) to GBX 1,270 ($16.59) in a research note on Thursday, July 5th. UBS Group reiterated a neutral rating and issued a GBX 900 ($11.76) price target (down previously from GBX 1,200 ($15.68)) on shares of Fresnillo in a research note on Thursday, September 27th. Morgan Stanley cut their price objective on shares of Fresnillo from GBX 1,620 ($21.17) to GBX 1,330 ($17.38) and set an equal weight rating on the stock in a report on Friday, June 29th. Numis Securities reissued a buy rating and set a GBX 1,450 ($18.95) price objective on shares of Fresnillo in a report on Thursday, July 26th. Finally, Royal Bank of Canada raised shares of Fresnillo to a top pick rating and raised their price objective for the stock from GBX 1,200 ($15.68) to GBX 1,300 ($16.99) in a report on Tuesday, September 18th. Six analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of GBX 1,306.82 ($17.08).

Fresnillo stock traded up GBX 37.40 ($0.49) during trading on Friday, reaching GBX 876.40 ($11.45). The stock had a trading volume of 4,379,482 shares, compared to its average volume of 1,260,000. Fresnillo has a 52-week low of GBX 1,174 ($15.34) and a 52-week high of GBX 1,746 ($22.81).

Fresnillo Company Profile

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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Analyst Recommendations for Fresnillo (LON:FRES)

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