Barclays keeps Sell rating for Fresnillo stock at GBp 2,400

Published on 10/18/2026 at 13:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

A GBp 2,400 target was dated October 13, 2026. Fresnillo stock was last at GBp 2,719.00 on October 16, 2026.

Revenue and analyst signal

Barclays maintained a GBp 2,400 Sell target on October 13, 2026.
Fresnillo reported USD 3,382.6 million in revenue for the first half of 2026, up 74.7 percent.
Fresnillo stock was last at GBp 2,719.00 at 4:39 p.m. BST on October 16, 2026.
The next earnings report is scheduled for March 9, 2027.

Fresnillo, GB00B2QPKJ12, Illustration mit AI erstellt.

Barclays maintained a Sell rating on Fresnillo with a GBp 2,400 price target in a report dated October 13, 2026, according to Markets Insider. The target puts the analyst view below the latest London quote, while Fresnillo's first-half figures show why the stock remains a split investor story.

First-half revenue sets the scale

Fresnillo reported USD 3,382.6 million in total revenue for the first half of 2026, an increase of 74.7 percent from the comparable period. Gross profit reached USD 2,359.4 million, up 130.7 percent, while profit for the period rose 213.0 percent to USD 1,463.4 million, according to Fresnillo.

The company also reported USD 2,349.7 million of EBITDA for the first half of 2026, up 113.2 percent year over year. That operating leverage gives the Barclays target a clear counterpoint: the earnings base expanded rapidly, but the rating still reflects a more cautious view of the share valuation and mining outlook.

What does the target imply?

Barclays' GBp 2,400 target compares with the last LSE quote of GBp 2,719.00. The difference is GBp 319.00 per share, so the target sits below the latest quoted level rather than pointing to further upside from that reference.

Three dated signals for investors

On August 4, 2026, Fresnillo published its first-half interim results with USD 3,382.6 million of revenue. On October 13, 2026, Barclays maintained its Sell rating and GBp 2,400 target, as reported by Markets Insider. On October 16, 2026, Fresnillo's LSE quote stood at GBp 2,719.00.

Next date is March 9, 2027

The next earnings report is scheduled for March 9, 2027, according to Investing.com. Fresnillo is listed on the London Stock Exchange under ticker FRES, and its operating portfolio covers silver, gold, lead and zinc production in Mexico.

Latest quote keeps the gap visible

Fresnillo stock was last at GBp 2,719.00 on the London Stock Exchange on October 16, 2026 at 4:39 p.m. BST. The dated quote remains above Barclays' GBp 2,400 target, while the first-half revenue increase of 74.7 percent provides the stronger operating reference for the next results cycle.

The further course of trading is shown by the continuously updated real-time quote of Fresnillo stock.