JPMorgan raised the firm’s price target on Fresnillo (FNLPF) to 4,300 GBp from 2,500 GBp and keeps an Overweight rating on the shares. JPMorgan increased its long-term gold price forecast by 80% to $3,850 per ounce. It remains bullish on the European gold miners stocks and sees over 50% upside to its December 2027 fair values.
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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