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Home / Support and Resistance / Fresnillo PLC (FRES.L) 15-11-19

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Fresnillo PLC (FRES.L) 15-11-19

Are Fresnillo PLC (FRES.L) about to break below the 610p support zone, or recover again to 895p highs? (+44%)

 

  • The share price is close to 610p support. Shares are 621.4p (at time of writing).
  • The support has proven robust to date. Will it stand firm this time?
  • The shares have touched this level numerous times.
  • Check our website and news outlets for updates. Fundamental developments can affect the strength of support levels.
  • Shares -39% from 12-month highs; +3% from 12 month lows.

Latest News

14 Nov:  Goldman Sachs has downgraded its rating on Fresnillo (FRES) to sell (from neutral) and reduced the target price to 580p  (from 670p).

06 Nov:  JP Morgan Cazenove reiterates its neutral rating on Fresnillo (FRES) and reduced the target price to 750p (from 800p).

24 Oct:  UBS reiterates its neutral rating on Fresnillo (FRES) and reduced the target price to 700p (from 750p).

 

23 Oct:  Fresnillo, the mining company,  announced that the production of gold and silver would probably be at the lower end of its previous guidance. Production of both metals fell in Q3.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

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