Scotiabank downgraded Fresnillo (FNLPF) to Underperform from Sector Perform with a price target of 1,700 GBp, up from 950 GBp. The firm cites the stock’s “high valuation” and the company’s limited volume growth near-term for the downgrade.
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Read More on FNLPF:
- Fresnillo downgraded to Underperform from Sector Perform at Scotiabank
- Fresnillo PLC’s Q3 Report: Gold Production Up, Silver Down
- Fresnillo upgraded to Hold from Reduce at HSBC
- Fresnillo price target raised to 1,610 GBp from 950 GBp at Morgan Stanley
- Fresnillo price target raised to 2,600 GBp from 1,700 GBp at Berenberg