# Fresnillo plc analyst rating updates

> Live situation record from CLSTR: https://clstr.news/situations/fresnillo-plc-analyst-rating-updates
> Updated: 2026-08-05T13:06:27.000Z. Sources: 3. Developments: 2.

In early August 2026 analysts continued to evaluate Fresnillo plc after its 2025 rally. On 2 August, Jefferies reaffirmed a “hold” rating with a GBX 2,700 target, noting a 27 % share‑price decline since the start of the year despite a 410 % surge in 2025. The company reported strong revenue and EBITDA growth but cut its 2026 gold and silver production guidance because of lower ore throughput and mine‑plan changes.

Three days later, on 5 August, the Royal Bank of Canada also reiterated a “sector perform” rating, raising its target to GBX 3,200 and suggesting a modest upside. Other banks issued mixed signals: Citigroup upgraded to a “buy” with a GBX 5,000 target, JPMorgan lowered its target to GBX 4,700 and moved to “overweight,” while Jefferies and Berenberg kept “hold” stances with targets of GBX 2,700 and GBX 2,900 respectively. The average market rating remained “hold” with an average target near GBX 3,490, and Fresnillo shares opened at GBX 2,887.

## Timeline

### 2026-08-05: Fresnillo plc rating reiterated by Royal Bank of Canada

Royal Bank of Canada reiterated its sector‑perform rating on Fresnillo plc with a GBX 3,200 target, while other brokers adjusted targets between GBX 2,700 and GBX 5,000. Fresnillo is the top global silver and a

2 sources. https://clstr.news/cluster/fresnillo-plc-rating-reiterated-by-royal-bank-of-canada

### 2026-08-02: Fresnillo plc Holds Stock Rating as Share Price Slips After 2025 Surge

Analysts reaffirm a hold rating on Fresnillo plc as its shares drop 27% after a 410% rally in 2025, while the miner cuts 2026 production guidance.

2 sources. https://clstr.news/cluster/fresnillo-plc-holds-stock-rating-as-share-price-slips-after-2025-surge

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Cite as: Fresnillo plc analyst rating updates. CLSTR, https://clstr.news/situations/fresnillo-plc-analyst-rating-updates