Berenberg analyst Richard Hatch upgraded Fresnillo (FNLPF) to Buy from Hold with a price target of 1,020 GBp, up from 840 GBp. The company’s 2024 results showcased improving financials, underpinned by “robust” precious metals prices, operational stability, as well as better cost control that underpins better visibility on shareholder returns, the analyst tells investors in a research note.
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