Berenberg downgraded Fresnillo (FNLPF) to Hold from Buy with a price target of 3,800 GBp, up from 3,400 GBp. The firm cites valuation for the downgrade following the stock’s recent rally.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FNLPF:
- Fresnillo price target lowered to 4,500 GBp from 4,700 GBp at JPMorgan
- Fresnillo Beats 2025 Gold Guidance but Lowers Near-Term Output Targets
- Fresnillo Enters Canada With CAD$770m Acquisition of Probe Gold
- Fresnillo price target raised to 4,700 GBp from 4,300 GBp at JPMorgan
- Fresnillo price target raised to 4,600 GBp from 4,000 GBp at Citi