Fresnillo plc rating reiterated by Royal Bank of Canada

Royal Bank of Canada reaffirmed its "sector perform" rating on Fresnillo plc and set a GBX 3,200 price target, indicating a potential 10.8% upside from the current price. The analyst note was issued on Friday.

Other recent broker updates include Citigroup raising its target to GBX 5,000 with a "buy" rating, JPMorgan cutting its target to GBX 4,700 and moving to "overweight," Jefferies maintaining a "hold" at GBX 2,700, and Berenberg lowering its target to GBX 2,900 with a "hold" stance. MarketBeat data shows an average rating of "hold" and an average target of GBX 3,490. Fresnillo shares opened at GBX 2,887.

Fresnillo plc is the world’s largest silver producer and Mexico’s largest gold producer, listed on the London and Mexican stock exchanges, with a market capitalisation of £21.27 billion.