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FRESNILLO (FNLPF): New Buy Recommendation for This Basic Materials Giant

Tipranks - Tipranks - Wed Apr 8, 8:02AM CDT

In a report released today, Patrick Jones from J.P. Morgan reiterated a Buy rating on FRESNILLO, with a price target of p5,400.00.

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Jones covers the Basic Materials sector, focusing on stocks such as Antofagasta, Hochschild Mining, and Lundin Mining. According to TipRanks, Jones has an average return of 29.9% and a 58.10% success rate on recommended stocks.

In addition to J.P. Morgan, FRESNILLO also received a Buy from TipRanks – PerPlexity’s PerPlexity Other Precious Metals in a report issued on March 28. However, on April 1, Berenberg Bank maintained a Hold rating on FRESNILLO (Other OTC: FNLPF).

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Based on FRESNILLO’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p2.59 billion and a net profit of p994.96 million. In comparison, last year the company earned a revenue of p2.01 billion and had a net profit of p62.27 million

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