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UBS has nudged Fresnillo Plc's (LSE:FRES) price target down to 4,000p as the broker weighs a punchy jump in shareholder returns against a looming shift toward heavier growth spending. The bank's analysts, in a note, said FY25 results beat expectations, helped by stronger profitability and cash generation, and highlighted a net cash position of about $1.9bn.
Fresnillo plc (FNLPF) Q4 2025 Earnings Call Transcript
Fresnillo PLC (LSE:FRES), the FTSE 100 precious metals miner, posted record financial results for 2025 after gold production exceeded guidance and soaring precious metals prices pushed profits sharply higher. Full-year attributable gold production of 600,287 ounces beat the company's own targets, despite falling 5% against 2024, while silver production of 48.7 million ounces came in line with guidance.
Record prices for gold and silver have enabled the miner to deliver its highest dividend since listing in 2008.
With silver futures still trading near peaks of over $100 per ounce, here are three silver-mining stocks that have kept rallying and should be on investors' radars.
Market leadership has broadened meaningfully in recent months. While mega-cap technology and the AI infrastructure trade still dominate headlines, a quieter rotation has been unfolding beneath the surface.
Rising silver prices and strong demand brighten the Zacks Mining - Silver outlook, making FNLPF, HL, BVN and ASM solid portfolio picks.
Precious metals stage sharp recovery after historic sell-off as investor appetite steadies Shares in Endeavour Mining PLC and Fresnillo PLC led the FTSE 100 in early trading on Tuesday, recovering ground lost in last week's sell-off as gold and silver prices bounced sharply. The rebound helped stem broader investor losses following a volatile week for precious metals.
As the dollar slides to a four-year low and gold and silver keep soaring, stocks like AU, FNLPF, ARMN and HL are poised to ride the rally.
Fresnillo (FNLPF) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
JPMorgan has reiterated its 'overweight' ratings on Fresnillo PLC (LSE:FRES), AngloGold Ashanti (ASX:AGG, NYSE:AU), Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) and Gold Fields (ADR) (NYSE:GFI), citing a supportive macro backdrop for gold and long-term price forecasts above consensus. The bank has raised its long-term gold price target to $3,850 per ounce and said it sees scope for the metal to rise above $5,000 by the end of 2026.
TORONTO, Jan. 22, 2026 (GLOBE NEWSWIRE) -- Probe Gold Inc. (“Probe” or the “Company”) (TSX: PRB) (OTCQB: PROBF) and Fresnillo plc (the “Parent”) are pleased to announce the completion of the previously announced acquisition of Probe by Fresnillo Quebec Acquisition Inc. (the “Purchaser”), a wholly-owned affiliate of the Parent, pursuant to a plan of arrangement (the “Arrangement”) whereby the Purchaser has acquired all of the issued and outstanding common shares of Probe (the “Shares”) for C$3.65 in cash per Share. The Arrangement, which was announced on October 31, 2025, was approved by shareholders of the Company at a special meeting held on January 13, 2026.
Fresnillo PLC (LSE:FRES), the FTSE 100's only pure-play silver miner, opened down 1.6% on Fridy as a sharp pullback in silver prices rippled through mining shares. Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF, FRA:6E2), the UK's largest gold producer, fell 1.8%, tracking a softer gold price.
Fresnillo PLC (LSE:FRES) is emerging as one of the clearest equity plays on a powerful rally in precious metals, with Citi raising its price target sharply as higher silver prices transform the group's earnings and cash flow outlook. The bank lifted its target price to £46 and reiterated a Buy rating, pointing to what it sees as strong momentum in spot silver, which continues to trade in the high $80s an ounce.
TORONTO, Jan. 13, 2026 (GLOBE NEWSWIRE) -- Probe Gold Inc. (“Probe” or the “Company”) (TSX: PRB) (OTCQB: PROBF) is pleased to announce that at the special meeting of Probe's shareholders (the “Shareholders”) held on January 13, 2026 (the “Meeting”), the shareholders voted in favour of the special resolution (the “Arrangement Resolution”), approving the previously announced plan of arrangement (the “Arrangement”) involving the Company, Fresnillo plc, Prestadora de Servicios Jarillas, S.A. de C.V. and Fresnillo Quebec Acquisition Inc. (the “Purchaser”), pursuant to which all of the issued and outstanding shares in the capital of the Company (the “Shares”) will be acquired by the Purchaser for cash consideration of $3.65 per Share.
Fresnillo PLC (LSE:FRES) remains a top pick at JPMorgan, which says the recent surge in gold and silver prices reinforces the case for further upside, despite the stock's strong run. Gold and silver jumped sharply at the start of the week, rising 2% and 7% respectively, after renewed geopolitical tensions around Iran and fresh uncertainty over US monetary policy.
Shares in precious metals producers Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) and Fresnillo PLC (LSE:FRES) were among the strongest performers on the FTSE 100 on Monday as a sharp rise in gold and silver prices revived demand for mining stocks. Gold climbed about 2.3% to roughly $4,431 an ounce, while silver surged nearly 4.4% to $76, as investors shifted money into assets seen as a store of value during periods of uncertainty.
Shares of Fresnillo PLC (OTCMKTS:FNLPF - Get Free Report) have been assigned a consensus rating of "Hold" from the ten research firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one
ISS recommends “The cash consideration represents a substantial premium over the unaffected market price, providing immediate value and certainty to shareholders. The market reaction has been positive, and the valuation appears credible.
Mining stocks were the early leaders as the final trading week of the year got underway, with precious metals prices still elevated after a powerful late rally. Shares in Fresnillo PLC (LSE:FRES), which is heavily exposed to silver and gold, sat at the top of the blue-chip index in early dealings, rising 4%.