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Posted by
Two Blokes Jul 3 -
Filed in
Stock
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Fresnillo PLC (LSE:FRES) has been downgraded UBS following a strong year-to-date share price increase. The Swiss investment bank cut its rating on the Mexican precious metals miner to 'neutral' from 'buy' after the shares re-rated by over 170% in 2025, with its valuation on a 12-month forward EV/EBITDA basis rising from about 3.5x in January to roughly 7.5x.
