Fresnillo plc·Basic Materials

Shares in heavyweight miners, including Anglo American PLC (LSE:AAL) and Fresnillo PLC (LSE:FRES), topped the FTSE 350 leaderboard on Wednesday as metals prices rose on hopes of easing tensions in the Middle East. The moves followed gains in metals prices, with gold up 2.6%, silver rising 4.6% and copper gaining 2.0%, while oil prices fell by a similar amount.

The miner's silver production fell 8.5% in the first quarter of 2026 on lower ore grades and lower volumes processed at its Saucito, Fresnillo and Juanicipio mines.

Shares of Fresnillo PLC (OTCMKTS:FNLPF - Get Free Report) have earned an average recommendation of "Hold" from the nine research firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, one has issued a buy recommendation and one has given

Fresnillo (FNLPF) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

FTSE 100 miners retreat as Strait of Hormuz optimism fades, precious metals cool and copper faces headwinds from China and the dollar. Fresnillo, Antofagasta and Endeavour Mining are among the day's heaviest fallers on the FTSE, down 4%, 2.3% and 1.9% respectively, as the euphoria that swept through mining stocks last Wednesday rapidly unwinds.

Citi has raised its price targets for Glencore and Fresnillo heading into the first-quarter production reporting season, while warning that copper recovery and iron ore shipment volumes are likely to disappoint in the near term. The Wall Street bank lifted its target price for Glencore PLC (LSE:GLEN) to £6.70 and for Fresnillo PLC (LSE:FRES), the silver and gold miner, to £50, retaining buy ratings on both stocks.
Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. It operates through seven segments: Fresnillo, Saucito, Ciénega, Herradura, Noche Buena, San Julián, and Other. The company primarily explores for silver, gold, lead, and zinc concentrates. Its projects include Fresnillo silver mine located in the state of Zacatecas; Saucito silver mine situated in the state of Zacatecas; Ciénega gold mine located in the state of Durango; Herradura gold mine situated in the state of Sonora; Noche Buena gold mine located in the state of Sonora; and San Julián silver-gold mine situated on the border of Chihuahua/Durango states. The company has mining concessions covering an area of approximately 1.7 million hectares of surface land in Mexico. It also leases mining equipment; produces gold/silver doré bars; and provides administrative services. The company was founded in 1887 and is headquartered in Mexico City, Mexico. Fresnillo plc is a subsidiary of Industrias Peñoles S.A.B. de C.V.
Basic Materials
Other Precious Metals
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2008-05-27
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