Fresnillo rises on Citi raising PT, citing steady silver production

Shares of miner Fresnillo FRES.L rise as much as 2.6% to 885p, among top gainers on FTSE 100 .FTSE

Citi Group raises PT to 1050p from 950p, representing an upside of 17.90% as of last close

Brokerage says steady silver production likely to continue across operations in Q1 and gold is expected to be weaker, in line with management guidance for 2025

4 of the 13 analysts covering the stock have a "buy" or higher rating, while 9 rate it "hold"; median PT is 852p - data compiled by LSEG

Up to Tuesday's close, stock had risen 32.82% so far this year