Peel Hunt upgrades UK's Fresnillo on higher gold and silver prices

Shares of miner Fresnillo FRES.L up 4.58% at 965.23p

Peel Hunt upgrades stock to "add" from "hold" and raises PT to 1,010p from 835p

Brokerage sees increased value in the share assuming higher gold and silver prices persist, resulting in stronger cash flows

"However, we note that this is based solely on extended strong gold and silver prices, given that Fresnillo looks some time away from detailing and executing on internal growth options"

Five of 13 brokerages rate the stock "buy" or higher and eight "hold"; their median PT is 897.50p - LSEG data

Up to last close, stock had risen ~56% YTD