Fresnillo (FRES) Receives Neutral Rating from UBS Group

UBS Group reiterated their neutral rating on shares of Fresnillo (LON:FRES) in a report published on Thursday, September 27th, investing.thisismoney.co.uk reports. They currently have a GBX 900 ($11.76) price target on the stock, down from their prior price target of GBX 1,200 ($15.68).

A number of other analysts also recently issued reports on FRES. Morgan Stanley reduced their price target 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 reiterated a buy rating on shares of Fresnillo in a report on Wednesday, August 1st. Barclays dropped their price objective on shares of Fresnillo from GBX 1,330 ($17.38) to GBX 1,200 ($15.68) and set an equal weight rating for the company in a research note on Wednesday, July 18th. Credit Suisse Group cut shares of 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 research note on Thursday, July 5th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Fresnillo from GBX 1,300 ($16.99) to GBX 1,250 ($16.33) and set a neutral rating for the company in a research note on Wednesday, August 8th. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. Fresnillo has an average rating of Buy and an average price target of GBX 1,306.82 ($17.08).

LON FRES traded up GBX 37.40 ($0.49) on Thursday, reaching GBX 876.40 ($11.45). The company had a trading volume of 4,379,482 shares, compared to its average volume of 1,260,000. Fresnillo has a 12 month low of GBX 1,174 ($15.34) and a 12 month high of GBX 1,746 ($22.81).

About Fresnillo

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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