Fresnillo (LON:FRES) had its price objective lowered by Goldman Sachs Group from GBX 1,550 ($20.25) to GBX 1,475 ($19.27) in a research report released on Monday. The brokerage currently has a conviction-buy rating on the stock.
FRES has been the topic of a number of other research reports. Credit Suisse Group cut Fresnillo to a neutral rating and dropped their price objective for the stock from GBX 1,460.74 ($19.09) to GBX 1,270 ($16.59) in a report on Thursday, July 5th. JPMorgan Chase & Co. dropped their price objective on Fresnillo from GBX 1,250 ($16.33) to GBX 1,200 ($15.68) and set a neutral rating on the stock in a report on Thursday, October 25th. UBS Group reissued a neutral rating and set a GBX 900 ($11.76) price objective (down previously from GBX 1,200 ($15.68)) on shares of Fresnillo in a report on Thursday, September 27th. Citigroup dropped their price objective on Fresnillo from GBX 1,285 ($16.79) to GBX 1,000 ($13.07) and set a neutral rating on the stock in a report on Wednesday, October 17th. Finally, Barclays dropped their price objective on Fresnillo from GBX 1,330 ($17.38) to GBX 1,200 ($15.68) and set an equal weight rating on the stock in a report on Wednesday, July 18th. Six equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of GBX 1,238.75 ($16.19).
Shares of FRES opened at GBX 848.60 ($11.09) on Monday. Fresnillo has a 52-week low of GBX 1,174 ($15.34) and a 52-week high of GBX 1,746 ($22.81).
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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