Fresnillo plc (OTCMKTS:FNLPF) Given Average Rating of “Hold” by Brokerages

Shares of Fresnillo plc (OTCMKTS:FNLPF – Get Rating) have been given an average recommendation of “Hold” by the nine research firms that are presently covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $1,175.00.

A number of brokerages have recently issued reports on FNLPF. Royal Bank of Canada reiterated a “buy” rating and set a $1,175.00 target price on shares of Fresnillo in a research report on Wednesday, April 20th. Zacks Investment Research upgraded Fresnillo from a “sell” rating to a “hold” rating in a research report on Wednesday, March 16th. Finally, Jefferies Financial Group lowered Fresnillo from a “buy” rating to a “hold” rating in a research report on Thursday, January 27th.

Shares of OTCMKTS FNLPF opened at $9.54 on Tuesday. Fresnillo has a 12 month low of $8.35 and a 12 month high of $13.38. The firm’s 50 day simple moving average is $9.85 and its 200-day simple moving average is $10.85.

About Fresnillo (Get Rating)

Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. The company primarily explores for silver, gold, lead, and zinc concentrates. Its flagship project is Fresnillo silver mine located in the state of Zacatecas. The company has mining concessions covering an area of approximately 1.7 million hectares of surface land in Mexico.

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