ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

FRES Fresnillo Plc

465.70
8.70 (1.90%)
Last Updated: 09:49:32
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Fresnillo Plc LSE:FRES London Ordinary Share GB00B2QPKJ12 ORD USD0.50
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  8.70 1.90% 465.70 465.20 465.80 468.30 461.80 463.60 232,392 09:49:32
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Silver Ores 2.5B 271.9M 0.3690 12.58 3.42B
Fresnillo Plc is listed in the Silver Ores sector of the London Stock Exchange with ticker FRES. The last closing price for Fresnillo was 457p. Over the last year, Fresnillo shares have traded in a share price range of 435.20p to 815.60p.

Fresnillo currently has 736,893,589 shares in issue. The market capitalisation of Fresnillo is £3.42 billion. Fresnillo has a price to earnings ratio (PE ratio) of 12.58.

Fresnillo Share Discussion Threads

Showing 3876 to 3897 of 19900 messages
Chat Pages: Latest  160  159  158  157  156  155  154  153  152  151  150  149  Older
DateSubjectAuthorDiscuss
05/10/2016
10:24
And was it buy sign at £6 a share late last year MRThomas?

As you say, the earnings in pounds will look rather magnificent so, a good hedge for anyone the wrong side of sterling either because they live in other euro or dollar currency areas or simply have exposure to the pound via currency pairs.

PM investments will be a good bulwark against currency losses IMHO.

Topicel

topicel
05/10/2016
08:28
Am surprised to see the price come down if gets to 16 to me it's a buy again what with the £ lower would expect this share to go up but hope it get to around 16 as that always a buy sign
mrthomas
29/9/2016
10:41
proactive investors 10:41 29 Sep 2016

"Fresnillo twinkles after upgrade from HSBC

Mexican silver and gold miner Fresnillo Plc (LON:FRES) was gleaming on Thursday after a broker took a shine to it.

The stock lifted 50p, or 2.8%, to 1827p after HSBC upgraded Fresnillo to ‘buy’ from ‘hold’ and increased its price target to 2200p from 1990p.

The broker noted that the shares have come off their five-year June highs, driven by profit-taking and declining gold and silver prices.

But HSBC said the pull-back had created an opportunity for investors to buy the stock of a company it branded as “a precious metal sector leader”.

HSBC analysts Botir Sharipov and Jonathan Brandt said Fresnillo had strong assets, particularly its Juanicipio silver-gold mine, the world-class potential of which had not been fully appreciated by the market.

“We often hear from investors that Fresnillo’s stock is expensive,” they said in a note.

“There’s no arguing that the stock trades at multiples higher than most precious metal miners.

“However, we also believe that with Fresnillo, one gets what one pays for; that is, strong management team, high quality assets, long average mine life, growth, and a very strong balance sheet, amongst other qualities investors tend to seek out and are generally willing to pay a premium for.”...."

[...]

(Link doesn't copy and paste for some reason).

simonthe1st
29/9/2016
08:16
Another upgrade from HSBC, Buy target price 2200 from 1990.And they get paid for it!.DD
discodave4
29/9/2016
07:28
We had a similar laggardly target price on HOC the other day so it isn't unusual for a target price to actually come in below the present range/valuation.

We have been as high as over £20 in early August, prior to the dump of circa 15 billion in gold ETFs to calm the galloping price of precious metals and in tandem with, what we now know of a false build up, Fed hints at a September rate hike.

But whether the price is now in the £17-18 range as it remains temporarily, or as targeted laughably today as between £15-16, the sentiment of upgrading Fresnillo is obviously still the correct one and which moves investment monies in and out of stocks. It has been a while since Fres has been analysed so whatever the erroneous numbers they select the direction north and momentum into the Autumn silver and gold buying season is too good to miss.

But I still have £30 as a target, so I would say that!

Topicel

topicel
29/9/2016
06:06
Potential reaction on Fresnillo PLC (FRES) to analysts' perspective in its stock
arnu gutierrez
27/9/2016
18:55
(ShareCast News) - Morgan Stanley upgraded its stance on silver miner Fresnillo to 'equalweight' from 'underweight' and lifted the price target to 1,620p from 1,520p, saying the risks are now more fairly priced.The bank said the modest de-rating of the stock leaves the equity better priced to reflect continued risks to projects already in execution and potential for further deferral of additional growth.MS added that Fresnillo's growth plans are ambitious, with 40% silver volume growth planned from 2016 to 2018. It said that while execution risk around this growth remains elevated, it is now more fairly reflected in the valuation."Fresnillo's 2017 spot EV/EBITDA multiple has dropped from 20x at the end of July to 14.7x now. It remains fully valued versus the rest of sector with only Randgold coming close at 13.6x, but the multiple reflects the potentially superior growth profile and cost position versus peers."Morgan Stanley said current spot prices are likely to be sufficient to justify further project approvals, meaning the likelihood of further delays to growth plans has subsided.MS said its commodities team has lifted silver price forecasts by 7%, 13% and 8% for 2016-2018. This drives an earnings per share increase of 12.5% on average for the next three years at Fresnillo and is the key reason for the bank's price target increase.DD
discodave4
22/9/2016
15:22
Never wrong taking a profit MRThomas if that is a nice sum to you. Personally, and events today have of course borne me out, I'd have set a tight stop loss just below your sell price, say by 2% to avoid the usual intraday shakes if possible, and let it ride.

The Fed have now receded into the rear view mirror for a while and until month end window dressing etc., we should see people buying back PMs and related shares. In other words, the move back towards £20 could be quite sudden and holding with a tight stop loss would allow one the option of taking that ride should it develop.

Not sure when the Presedential debates begin but from what I hear that is the next thing markets will focus on. A good performance by Trump against Hillary could roil the markets big time so be on your 'metal' for that!

But yep, a profit is a profit and I wish I'd sold all at £20.30 and watched the August Fed pretence from the sidelines but we know about hindsight being wonderful so I didn't!

Topicel

topicel
22/9/2016
12:07
MrTYour timing is impeccable, congrats and let me know where you going next lol.DD
discodave4
22/9/2016
08:59
Made ten % on this stock in less than a week s taking profits will go back in again if gets to 16. Cash is king to me so happy with my gain sure this may go higher as before
mrthomas
21/9/2016
19:22
It is unbelievable, increase target by 68% and their still way behind the curve!, and they get paid for it!.DD
discodave4
21/9/2016
13:08
Lol GOldenshares888!

I might be supremely optimistic as this is not as prone to gains like, say, HOC from these levels, but if the silver and gold prices surge again on the back of Fed disappointment, allied to the totally impotent BoJ this morning, then Fres will be galloping towards £30 once it breaks year-to-date highs.

With the election afterwards the rise of PMs will be a wise move for many as a safe haven.

Topicel

topicel
21/9/2016
11:23
Top,

I would think you are going to more accurate going forwards than Barclays who have just revised their last inaccurate forecast.

Why do they bother?

goldenshare888
21/9/2016
11:19
Lol, a bit late with that one then, 1050 was pre-Brexit vote...

We can therefore take 1760 with a large pinch of salt. Any difficulties in the US and silver and gold will rise again in leaps and bounds leading to Fresnillo potentially doubling from here.

I'm sticking with £30 target however. Crazy, we will see.

Topicel

topicel
21/9/2016
08:22
Barclays reiterate equal weight but increase target price from 1050 to 1760.DD
discodave4
18/9/2016
13:26
no as was talking to the iPad hope you right re october
mrthomas
17/9/2016
12:04
Does your full stop not work?

October is a good month for PM shares.

dilbert dogbreadth
17/9/2016
11:00
Sorry what I'm saying is that I bought in at £16 again I was in the share earlier on in the year and made money think that this price there is some upside but I do think in the next two months we could see a rollercoaster in terms of the shares market as a whole As we coming into September and October which are not usually good months but then this is been a very unusual year but silver should still hold its own
mrthomas
17/9/2016
09:53
MrT - What!DD - pmslDD
discodave4
17/9/2016
08:27
Brought in again at 16 as fell there upset at these prices made profits this year already on this stock so let's see how this roller coast goes as next two months could see shares down
mrthomas
14/9/2016
10:43
Very quiet this board.

Shhh. Let sleeping giants lie!

ifthecapfits
25/8/2016
11:27
Topicel,Very hard to tell on future movements.
I do fully agree with you over Europe and the state of the Italian banks with the potential to pull the whole house of cards down.
The only sure way as I see it is to hold both physical and gold companies,buying and selling according to POG.

au24
Chat Pages: Latest  160  159  158  157  156  155  154  153  152  151  150  149  Older

Your Recent History

Delayed Upgrade Clock