Metal Ore Mining

Fresnillo PLC

Fresnillo PLC Acquires Probe Gold Inc. to Boost Gold Resources

Fresnillo To Sell MAG Silver Shares and Juanicipio Partnership

FRES

Fresnillo PLC's stock price increased from $30.77 to $32.0060. Analysts have mixed ratings: Scotiabank downgraded to "strong sell," Zacks upgraded to "strong-buy," and others have varied between "hold" and "buy." The consensus rating is "Hold." Fresnillo operates in Mexico, focusing on silver and gold mining. Despite the stock's rise, top analysts suggest better investment options exist.

Market Beat

Fresnillo (OTCMKTS:FNLPF) Shares Gap Up   - Should You Buy?

Fresnillo PLC (OTCMKTS:FNLPF) experienced a significant decline in short interest, dropping 28.4% to 785,500 shares as of October 15th. The days-to-cover ratio is currently 20.4 days, with only 0.1% of shares short sold. Analyst ratings have varied, with HSBC upgrading to "hold" and Zacks Research to "strong-buy." The stock is trading at $28.82, with a 12-month range of $7.65 to $35.97. Fresnillo primarily focuses on mining silver, gold, lead, and zinc in Mexico.

Short Interest in Fresnillo PLC (OTCMKTS:FNLPF) Declines By 28.4%

Fresnillo PLC has acquired Probe Gold Inc. for approximately USD560 million in an all-cash deal, providing a 24% premium over Probe's recent stock price. The acquisition adds a resource base of 10 million ounces of gold, primarily from the Novador Gold project in Quebec. Fresnillo plans to finance the purchase with its existing cash reserves of USD1.8 billion. The deal requires approval from over 66% of Probe shareholders. Fresnillo's shares rose 0.3% following the announcement.

marketscreener

Fresnillo acquires Probe Gold for USD560 million

** Shares of miner Fresnillo up 1.3% at 2278 p ** FRES to acquire Canada's Probe Gold for cash consideration of C$780 million ($556.19 million)** Co says PRB shareholders to receive C$3.65 per share** Up to Thursday's close, stock had risen 275.92% ($1 = 1.4024 Canadian dollars)

Reuters

Miner Fresnillo rises after $556.2 million Probe Gold deal

Fresnillo PLC reported third-quarter production aligned with expectations, despite a 6.6% drop in silver output to 11.7 million ounces. Gold production decreased by 4.1% to 151,256 ounces, but year-to-date output rose 8.8%. The company maintains its 2025 guidance for silver and gold production. Shares rose 3.2% to 2,180.00 pence, recovering from a 12% drop following declines in gold and silver prices. Fresnillo's stock has nearly tripled in the past year, benefiting from rising metal prices.

ETFS Capital Ltd.

Fresnillo on track as strong gold production offsets weaker silver

Fresnillo PLC announced that it is on track to meet its full-year guidance, with gold production trending towards the upper end of its range. In the third quarter, the company reported a quarterly attributable gold production of 151.3 KOZ, a decrease of 4.1% compared to the previous quarter. Silver production was lower than expected, with a quarterly attributable silver production of 11.7 MOZ, down 6.6% from the second quarter. The outlook for 2025 remains consistent with previous guidance, and production expectations for 2026 and 2027 are unchanged.

Fresnillo Remains On Track To Meet FY Guidance, With Gold Trending Towards Upper End Of Range

Gold is experiencing its hottest year since 1979, with Fresnillo Plc seeing a 300% year-to-date gain. JPMorgan analyst Patrick Jones projects an additional 80% upside for Fresnillo, citing macro tailwinds and positive risks for gold. The bank upgraded Fresnillo to Overweight in April 2024, highlighting its strong performance in the FTSE100. Despite gold prices exceeding forecasts, JPMorgan believes further gains are possible, especially if foreign assets shift into gold, potentially pushing prices to $6,000/oz.

Benzinga

Gold's Hottest Year Since 1979 — And JPMorgan Sees 80% Upside For This Miner

Fresnillo PLC (OTCMKTS:FNLPF) has received an average rating of "Moderate Buy" from six analysts. Three analysts recommend holding the stock, one suggests buying, and two advocate for a strong buy. Recent changes in ratings include UBS downgrading from strong buy to hold, while Zacks upgraded from hold to strong buy. The stock traded at $31.50, with a 12-month range of $7.65 to $33.00. Fresnillo primarily explores silver, gold, lead, and zinc in Mexico.

Fresnillo PLC (OTCMKTS:FNLPF) Given Average Rating of "Moderate Buy" by Brokerages

Fresnillo PLC (OTCMKTS:FNLPF) reached a new 52-week high of $23.70, with a trading volume of 5024 shares. Analysts have mixed views; Royal Bank of Canada maintains a "sector perform" rating, while UBS downgraded it from "strong-buy" to "hold." The company has a low debt-to-equity ratio of 0.20 and strong liquidity ratios. Despite a Moderate Buy rating, it is not among the top recommendations from analysts. Fresnillo primarily explores silver, gold, lead, and zinc in Mexico.

Fresnillo (OTCMKTS:FNLPF) Hits New 12-Month High  - Here's Why

Shares of miner Fresnillo (FRES.L) up 6.5% at 1,527p; among top gainers on FTSE 100 (.FTSE) indexCo now sees FY attributable gold production of 550 koz to 590 koz from previous expectations of 525 koz to 580 koz to reflect the continued strong performance at Herradura mineIncluding session moves, FRES up ~153.3%; FTSE 100 index up ~12% YTD

BUZZ-UK's Fresnillo rises on annual gold production forecast upgrade

Fresnillo PLC :FRESNILLO PLC - SECOND QUARTER PRODUCTION REPORTFRESNILLO PLC: GOLD PRODUCTION IS TRENDING TOWARDS UPPER END OF OUR FULL-YEAR GUIDANCEFRESNILLO PLC: SILVER PRODUCTION REMAINS IN LINE WITH FULL-YEAR GUIDANCE