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Fresnillo PLC (LON:FRES) stock price target increased to 2,200.00GBX, issued a research note today by HSBC

Yesterday Fresnillo PLC (LON:FRES) traded 0.22% higher at 1,829.50GBX. The company’s 50-day moving average is 1,762.70GBX and its 200-day moving average is 1,423.75GBX. The last closing price is up 27.41% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 1,437,428 shares of the stock traded hands, up from an average trading volume of 1,237,420

In a report released on 9/29/2016 HSBC increased the stock price target of Fresnillo PLC (LON:FRES) from 1,990.00GBX to 2,200.00GBX indicating a possible upside of 0.20%.

Previously on Tuesday September 27, 2016, Morgan Stanley reported on Fresnillo PLC (LON:FRES) increased the target price from 1,520.00GBX to 1,620.00GBX. At the time, this indicated a possible downside of -0.09%.

See Chart Below

Fresnillo PLC (LON:FRES)

Fresnillo PLC has a 52 week low of 594.36GBX and a 52 week high of 2,057.21GBX with a P/E ratio of 82.83 The company’s market cap is currently 0 GBX.

In addition to HSBC reporting its stock price target, a total of 15 brokers have issued a research note on the company. The average stock price target is 18.11GBX with 0 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 7 brokers rating the stock a hold, 4 brokers rating the stock a underperform, and finally 2 brokers rating the stock a sell.

General Information About Fresnillo PLC (LON:FRES)

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. The Company has two development projects, which include Saucito II and San Julian. The Company's subsidiaries include Minera Fresnillo, S.A. de C.V., Minera Penmont, S. de R.L. de C.V., Minera Saucito, S.A. de C.V. and Fresbal Investments, Ltd.

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