Zacks Investment Research Lowers Fresnillo (OTCMKTS:FNLPF) to Sell

Zacks Investment Research cut shares of Fresnillo (OTCMKTS:FNLPFGet Rating) from a hold rating to a sell rating in a report issued on Tuesday morning, Zacks.com reports.

According to Zacks, “Fresnillo plc is silver and gold mining and exploration company. It also produces lead and zinc concentrates, silver precipitates, gold and silver dore bars and leases mining equipment. The Company has properties in Mexico. Fresnillo also holds interests in properties located in Zacatecas, Durango and Sonora. Fresnillo plc is headquartered in Mexico. “

Several other research firms also recently weighed in on FNLPF. JPMorgan Chase & Co. dropped their target price on shares of Fresnillo from GBX 900 ($11.10) to GBX 850 ($10.48) in a research report on Thursday, April 28th. Royal Bank of Canada reissued a buy rating and issued a $1,175.00 price objective on shares of Fresnillo in a report on Wednesday, April 20th. Finally, Jefferies Financial Group downgraded Fresnillo from a buy rating to a hold rating in a report on Thursday, January 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Fresnillo presently has an average rating of Hold and an average price target of $679.33.

FNLPF opened at $9.53 on Tuesday. The firm’s fifty day moving average price is $9.88 and its 200 day moving average price is $10.69. Fresnillo has a 12-month low of $8.35 and a 12-month high of $13.38.

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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Analyst Recommendations for Fresnillo (OTCMKTS:FNLPF)

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