Fresnillo Plc with ticker (LON:FRES) now has a potential upside of 14.6% according to Berenberg Bank.
FRES.L
Berenberg Bank set a target price of 720 GBX for the company, which when compared to the Fresnillo Plc share price of 628 GBX at opening today (15/11/2024) indicates a potential upside of 14.6%. Trading has ranged between 435 (52 week low) and 782 (52 week high) with an average of 1,277,050 shares exchanging hands daily. The market capitalisation at the time of writing is £4,725,075,276.
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 seven 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; Noche Buena, located in State of Sonora, a surface gold mine, and San Julian, an underground gold and silver miner. The Company owns a number of subsidiaries in South and North America.
Fresnillo Plc 14.6% potential upside indicated by Berenberg Bank
- Written by: Charlotte Edwards
Latest Company News
Fresnillo plc has agreed to acquire 100% of Probe Gold Inc. for C$3.65 per share, valuing the transaction at approximately C$780 million (US$560 million).
Fresnillo reported third-quarter production in line with expectations, with year-to-date gold output up 8.8% to 465 koz, driven by strong performance at Herradura.
Fresnillo plc reported a 297% rise in H1 2025 profit to $467.6m, driven by stronger metals prices, disciplined cost control, and a 16% increase in gold output. Free cash flow rose to $1.03bn, supporting a 20.8 cent interim dividend.
Silver output was 12.5moz, up 1% on Q1 but down 14.7% year on year, while gold rose 21.3% to 157.7koz. 2025 production guidance is maintained and interim results will be released on 5 August 2025.
Fresnillo plc is realigning its strategy by selling most of its MAG Silver shares. This move supports its focus on the highly successful Juanicipio mine.
Fresnillo plc (LON:FRES) reports stable Q1 production, highlighting changes in silver and gold output while maintaining strong operational plans for 2025.
