Fresnillo (FRES)

Sector:

Mining

Index:

FTSE 100

647.50p
   
  • Change Today:
    -7.00p
  • 52 Week High: 778.50
  • 52 Week Low: 441.40
  • Currency: UK Pounds
  • Shares Issued: 736.89m
  • Volume: 526,838
  • Market Cap: £4,771.39m
  • Beta: 1.32

Canaccord Genuity lifts Fresnillo price target, downgrades to 'hold'

By Michele Maatouk

Date: Monday 04 Nov 2024

LONDON (ShareCast) - (Sharecast News) - Canaccord Genuity downgraded Fresnillo on Monday to 'hold' from 'buy' as it pointed to a strong run over the past three to six months.
It said that with the silver price up 39% year-to-date and 23% since the early August lows, it is good to see Fresnillo following those trends with its own share price progression this year.

"Relative to the moves in the silver price mentioned above, the Fresnillo share price is also up 30% YTD, but up a more impressive 39% since its early August lows," it said.

Canaccord said it has updated its modelling to include what it thought was a good set of third-quarter production results as well as its 4Q24 precious metals price deck.

All in, it has increased its 2024 EBITDA forecast by just 3%, but its 2025 EBITDA forecast is up a more substantial 13%.

Canaccord said it has also lifted its price target on the stock to 760p from 680p.

"With the Fresnillo share price currently trading at 740p, this leaves just 3% potential upside to our revised share target," it said, hence the rating downgrade.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Fresnillo Market Data

Currency UK Pounds
Share Price 647.50p
Change Today -7.00p
% Change -1.07 %
52 Week High 778.50
52 Week Low 441.40
Volume 526,838
Shares Issued 736.89m
Market Cap £4,771.39m
Beta 1.32

Fresnillo Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
35.54% above the market average35.54% above the market average35.54% above the market average35.54% above the market average35.54% above the market average
67.88% above the sector average67.88% above the sector average67.88% above the sector average67.88% above the sector average67.88% above the sector average
Income Not Available
Growth
93.31% below the market average93.31% below the market average93.31% below the market average93.31% below the market average93.31% below the market average
83.05% below the sector average83.05% below the sector average83.05% below the sector average83.05% below the sector average83.05% below the sector average

What The Brokers Say

Strong Buy 1
Buy 2
Neutral 10
Sell 0
Strong Sell 0
Total 13
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Fresnillo Dividends

  Latest Previous
  Interim Final
Ex-Div 08-Aug-24 18-Apr-24
Paid 17-Sep-24 29-May-24
Amount 6.40¢ 4.20¢

Trades for 21-Nov-2024

Time Volume / Share Price
16:35 330 @ 647.50p
16:35 33 @ 647.50p
16:29 39 @ 646.00p
16:29 2 @ 646.50p
16:29 2 @ 646.50p

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