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Fresnillo PLC (LSE:FRES) retained 'hold' ratings from Peel Hunt and Jefferies after third-quarter production came broadly in line with expectations and the miner maintained its 2026 guidance. Peel Hunt kept its 3,647p price target, noting that attributable silver production fell 12% year on year to 10 million ounces as lower grades at Juanicipio, Saucito and San Julián and the end of the Silverstream contribution weighed on output.
Fresnillo PLC (LSE:FRES) maintained its 2026 production guidance after third-quarter silver output fell 12% year on year and gold production declined 11% as lower ore grades and reduced processing volumes weighed on several mines. The FTSE 100 miner produced 10 million ounces of silver during the quarter, down 6% from the second quarter, while gold production fell 13% sequentially to 135,000 ounces.
With the recent volatility in silver prices weighing on the near-term prospects of the Zacks Mining - Silver industry, stocks like FNLPF, PAAS and HL will likely gain from solid growth projects.
Fresnillo PLC (OTCMKTS:FNLPF - Get Free Report) has earned a consensus recommendation of "Reduce" from the eight research firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. Several
Fresnillo LON: FRES said it is continuing to focus on operating its existing mines efficiently while advancing a portfolio of brownfield and greenfield development projects in Mexico and Canada.
Fresnillo PLC (LSE:FRES) and Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) shares moved lower on Tuesday as London-listed gold producers responded to bullion's retreat during the UK bank holiday weekend. Fresnillo fell 3% to 3,075p shortly after the opening bell, making it one of the FTSE 100's biggest fallers.
Precious metals strengthened on Friday, lifting London-listed miners Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) and Fresnillo PLC (LSE:FRES) towards the top of the FTSE 100 gainers. Endeavour Mining advanced 2.26% to 4,846p, while gold and silver producer Fresnillo gained 1.83% to 3,228p.
Fresnillo is undervalued, trading at discounted P/E and EV/EBITDA multiples despite strong financials and a robust resource base. I see the market is overly focused on near-term production declines, missing Fresnillo's strategic moves to extend asset duration and diversify geographically. Recent Probe Gold acquisition adds 10 million ounces of gold resources, reduces Mexico's concentration risk, and extends portfolio life without balance sheet strain.