The stock of Fresnillo Plc (LON:FRES) is a huge mover today! The stock increased 2.64% or GBX 33.89 on November 23, hitting GBX 1315.89. About 1.71 million shares traded hands or 20.42% up from the average. Fresnillo Plc (LON:FRES) has risen 20.83% since April 25, 2016 and is uptrending. It has outperformed by 15.50% the S&P500.
The move comes after 5 months negative chart setup for the GBX 9.58B company. It was reported on Nov, 23 by Barchart.com. We have GBX 1263.25 PT which if reached, will make LON:FRES worth GBX 383.20 million less.
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. GBX 2200 is the highest target while GBX 560 is the lowest. The GBX 1289.07 average target is -2.04% below today’s (GBX 1315.89) stock price. Fresnillo PLC has been the topic of 115 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Thursday, January 21 by Deutsche Bank. HSBC maintained the stock with “Buy” rating in Friday, February 19 report. The stock has “Sector Performer” rating given by RBC Capital Markets on Monday, August 24. The stock has “Neutral” rating given by JP Morgan on Monday, August 15. The stock of Fresnillo Plc (LON:FRES) has “Sell” rating given on Thursday, July 21 by Deutsche Bank. The firm has “Neutral” rating given on Monday, October 17 by Macquarie Research. Numis Securities maintained the shares of FRES in a report on Wednesday, March 2 with “Reduce” rating. JP Morgan maintained the stock with “Overweight” rating in Thursday, January 21 report. The firm has “Hold” rating given on Thursday, November 12 by Deutsche Bank. The stock of Fresnillo Plc (LON:FRES) earned “Outperform” rating by Macquarie Research on Monday, November 23.
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 9.58 billion GBP. The primary contents of this production include silver, gold, lead and zinc. It has a 75.19 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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