Fresnillo (FRES)

- Fresnillo shares are testing the Sept 2013 high point
- Still 10% upside to completion of the June bullish flag pattern
- Volumes solid through June
- Stochastic oscillator returning from overbought
- FRES currently has a dividend yield of 0.72%
Broker Consensus: 13% Buy, 47% Hold, 40% Sell
Bullish: HSBC, Buy, Target 1250p, -10% (25 Apr)
Average Target: 970p, -30% (24 June)
Bearish: Goldman Sachs, Sell/Attractive, Target 750p, -46% (31 March)
N.B. All pricing and consensus data was sourced from Bloomberg on 24 June. Brokers are sure to update their recommendations in light of the current situation. Please contact us for a full, up to date rundown.
