Bottom ?5 Feb 2022 09:35
RBC Capital Markets downgraded precious metals miner Fresnillo on Thursday to 'sector perform' from 'outperform' and slashed the price target to 575p from 1,025p.
The bank said Fresnillo's fourth quarter was modestly better than it expected but lower guidance on operational challenges, especially at Saucito, have driven its FY22 silver production estimate down 22.8%.