The stock of Fresnillo Plc (LON:FRES) is a huge mover today! The stock decreased 3.49% or GBX 46.48 on November 22, hitting GBX 1283.52. About 1.46M shares traded hands or 2.82% up from the average. Fresnillo Plc (LON:FRES) has risen 24.07% since April 22, 2016 and is uptrending. It has outperformed by 19.51% the S&P500.
The move comes after 8 months positive chart setup for the GBX 9.35 billion company. It was reported on Nov, 22 by Barchart.com. We have GBX 1386.20 PT which if reached, will make LON:FRES worth GBX 748.00 million more.
Fresnillo Plc (LON:FRES) Ratings Coverage
Out of 16 analysts covering Fresnillo PLC (LON:FRES), 4 rate it a “Buy”, 3 “Sell”, while 9 “Hold”. This means 25% are positive. Fresnillo PLC has been the topic of 115 analyst reports since July 23, 2015 according to StockzIntelligence Inc. On Monday, February 15 the stock rating was maintained by Macquarie Research with “Neutral”. The firm has “Neutral” rating given on Tuesday, May 17 by Macquarie Research. The firm has “Neutral” rating by Macquarie Research given on Monday, September 5. As per Monday, August 22, the company rating was maintained by Macquarie Research. The rating was upgraded by Deutsche Bank to “Hold” on Tuesday, November 15. The stock has “Neutral” rating given by Bank of America on Wednesday, November 25. The firm has “Reduce” rating by Numis Securities given on Thursday, October 13. The company was downgraded on Monday, April 11 by RBC Capital Markets. The company was maintained on Monday, October 26 by HSBC. Barclays Capital maintained the stock with “Equal Weight” rating in Thursday, July 23 report.
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 company has a market cap of 9.35 billion GBP. The primary contents of this production include silver, gold, lead and zinc. It has a 73.34 P/E ratio. The Firm 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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