Fresnillo (FRES) Stock Price Up 8.7%

Fresnillo Plc (LON:FRES) shares rose 8.7% on Thursday . The stock traded as high as GBX 849.40 ($11.10) and last traded at GBX 839 ($10.96). Approximately 3,209,654 shares were traded during trading, an increase of 155% from the average daily volume of 1,260,000 shares. The stock had previously closed at GBX 772.20 ($10.09).

Several research firms have recently commented on FRES. Royal Bank of Canada raised shares of Fresnillo to a “top pick” rating and lifted their price target for the company from GBX 1,200 ($15.68) to GBX 1,300 ($16.99) in a research report on Tuesday, September 18th. Goldman Sachs Group reduced their price target on shares of Fresnillo from GBX 1,575 ($20.58) to GBX 1,550 ($20.25) and set a “conviction-buy” rating on the stock in a research report on Monday, August 6th. Numis Securities reaffirmed a “buy” rating on shares of Fresnillo in a research report on Wednesday, August 1st. Barclays reduced their price target on shares of Fresnillo from GBX 1,200 ($15.68) to GBX 1,000 ($13.07) and set an “equal weight” rating on the stock in a research report on Friday. Finally, UBS Group reaffirmed a “neutral” rating and set a GBX 900 ($11.76) price target (down previously from GBX 1,200 ($15.68)) on shares of Fresnillo in a research report on Thursday, September 27th. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. Fresnillo has a consensus rating of “Buy” and a consensus price target of GBX 1,306.82 ($17.08).

Fresnillo Company Profile (LON:FRES)

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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