| Videos | Channels | Search |
Trade idea: Buy Fresnillo as shares base out
Joe Neighbour from Central Markets is looking to buy Mexican silver and gold mining company Fresnillo. He says the company's shares have based out versus the FTSE 100 over recent weeks and that a trend reversal seems to be on.
He has also seen a pullback in the last few session. As a result, Joe is looking to buy at GBP 11.90, to place a stop at GBP 10.85 and his target is GBP 16.
In July, Fresnillo saw a 30% fall in profits and net cash flow, primarily due to decrease in average realised silver and gold prices.
Disclaimer
Saxo Bank Group provides an execution-only service. All information provided on Tradingfloor.com is solely for general information. Tradingfloor.com does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of our trading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. Saxo Bank Group will not be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available as part of the Tradingfloor.com or as a result of the use of the Tradingfloor.com.
Please read our notification on
Non-independent investment research disclaimer
00:49 minutes
Tags: central markets, commodities, commodity, financial markets, fresnillo, investing, investment, joe neghbour, markets, miners, mining, profit, saxo bank, saxo tv, shares, silver, trading risks, tradingfloor.com