Fresnillo (LON:FRES) Stock Rating Lowered by Goldman Sachs Group

Goldman Sachs Group lowered shares of Fresnillo (LON:FRES) to a neutral rating in a report published on Friday morning, ThisIsMoney.Co.Uk reports. Goldman Sachs Group currently has GBX 670 ($8.75) target price on the stock, down from their prior target price of GBX 1,030 ($13.46).

Other equities analysts have also issued reports about the company. Royal Bank of Canada reaffirmed a sector performer rating on shares of Fresnillo in a research note on Monday, October 14th. Barclays cut their price objective on Fresnillo from GBX 900 ($11.76) to GBX 760 ($9.93) and set an equal weight rating on the stock in a research note on Thursday, July 18th. BMO Capital Markets reaffirmed a market perform rating on shares of Fresnillo in a research note on Friday, September 27th. UBS Group lifted their price objective on Fresnillo from GBX 725 ($9.47) to GBX 750 ($9.80) and gave the stock a neutral rating in a research note on Thursday, September 26th. Finally, Bank of America reaffirmed a buy rating and issued a GBX 860 ($11.24) price objective on shares of Fresnillo in a research note on Tuesday, October 8th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of GBX 777.10 ($10.15).

Shares of FRES stock opened at GBX 622.40 ($8.13) on Friday. The business’s 50-day moving average price is GBX 696.30 and its 200-day moving average price is GBX 760.72. Fresnillo has a 12 month low of GBX 570 ($7.45) and a 12 month high of GBX 1,028 ($13.43). The firm has a market capitalization of $4.54 billion and a price-to-earnings ratio of 24.12. The company has a current ratio of 7.40, a quick ratio of 5.37 and a debt-to-equity ratio of 26.08.

In related news, insider Charles Jacobs acquired 1,600 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were bought at an average cost of GBX 626 ($8.18) per share, with a total value of £10,016 ($13,087.68).

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, Soledad-Dipolos, 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 Juanicipio, Las Casas, Cebollitas Cluster, Centauro Deep, Centauro Pit Expansion as part of Herradura, and Orisyvo.

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Analyst Recommendations for Fresnillo (LON:FRES)

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