Citigroup Upgrades Fresnillo (FRES) to Neutral

Fresnillo (LON:FRES) was upgraded by investment analysts at Citigroup to a “neutral” rating in a research note issued on Tuesday.

Several other research firms also recently commented on FRES. Jefferies Group started coverage on shares of Fresnillo in a report on Wednesday, November 29th. They issued a “buy” rating and a GBX 1,600 ($21.53) price objective for the company. Barclays reaffirmed an “equal weight” rating and issued a GBX 1,350 ($18.17) price objective on shares of Fresnillo in a report on Tuesday, October 24th. Macquarie reaffirmed a “neutral” rating and issued a GBX 1,800 ($24.23) price objective on shares of Fresnillo in a report on Wednesday, October 4th. Numis Securities cut their price objective on shares of Fresnillo from GBX 1,600 ($21.53) to GBX 1,500 ($20.19) and set a “hold” rating for the company in a report on Monday, September 25th. Finally, J P Morgan Chase & Co cut their price objective on shares of Fresnillo from GBX 1,500 ($20.19) to GBX 1,450 ($19.52) and set a “neutral” rating for the company in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. Fresnillo has a consensus rating of “Hold” and a consensus price target of GBX 1,437.50 ($19.35).

Fresnillo (LON:FRES) opened at GBX 1,263 ($17.00) on Tuesday. Fresnillo has a 52-week low of GBX 1,052 ($14.16) and a 52-week 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.

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