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

Fresnillo plc (OTCMKTS:FNLPFGet Rating) has been assigned a consensus rating of “Hold” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $941.67.

Several equities analysts have weighed in on FNLPF shares. Credit Suisse Group started coverage on shares of Fresnillo in a report on Wednesday, July 6th. They issued an “underperform” rating on the stock. Morgan Stanley reduced their target price on shares of Fresnillo from GBX 780 ($9.42) to GBX 750 ($9.06) and set an “equal weight” rating on the stock in a report on Friday, July 22nd. Finally, Peel Hunt upgraded shares of Fresnillo to a “buy” rating in a report on Wednesday, September 7th.

Fresnillo Trading Down 5.2 %

FNLPF opened at $8.09 on Friday. Fresnillo has a fifty-two week low of $7.50 and a fifty-two week high of $13.38. The company has a quick ratio of 3.61, a current ratio of 4.45 and a debt-to-equity ratio of 0.31. The company has a fifty day moving average of $8.36 and a two-hundred day moving average of $9.18.

About Fresnillo

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Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. It operates through seven segments: Fresnillo, Saucito, Ciénega, Herradura, Noche Buena, San Julián, and Other. The company primarily explores for silver, gold, lead, and zinc concentrates. Its projects include Fresnillo silver mine located in the state of Zacatecas; Saucito silver mine situated in the state of Zacatecas; Ciénega gold mine located in the state of Durango; Herradura gold mine situated in the state of Sonora; Noche Buena gold mine located in the state of Sonora; and San Julián silver-gold mine situated on the border of Chihuahua/Durango states.

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Analyst Recommendations for Fresnillo (OTCMKTS:FNLPF)

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