Fresnillo (OTCMKTS:FNLPF) Downgraded by Royal Bank of Canada to Sector Perform

Royal Bank of Canada cut shares of Fresnillo (OTCMKTS:FNLPFGet Rating) from an outperform rating to a sector perform rating in a research report report published on Monday morning, The Fly reports.

A number of other research analysts have also weighed in on the company. Peel Hunt lowered Fresnillo to a hold rating in a report on Friday, December 16th. JPMorgan Chase & Co. cut their price objective on Fresnillo from GBX 800 ($9.75) to GBX 750 ($9.14) in a report on Friday, October 14th. Barclays boosted their price objective on Fresnillo from GBX 770 ($9.38) to GBX 825 ($10.05) in a report on Friday, October 21st. Finally, Morgan Stanley boosted their price objective on Fresnillo from GBX 730 ($8.89) to GBX 800 ($9.75) in a report on Thursday, December 8th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat.com, Fresnillo currently has a consensus rating of Hold and an average price target of $900.00.

Fresnillo Trading Down 1.8 %

FNLPF stock opened at $11.39 on Monday. The company has a quick ratio of 3.41, a current ratio of 4.31 and a debt-to-equity ratio of 0.31. Fresnillo has a twelve month low of $7.30 and a twelve month high of $11.95. The stock has a 50-day simple moving average of $10.35 and a two-hundred day simple moving average of $9.10.

About Fresnillo

(Get Rating)

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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