Fresnillo PLC (OTCMKTS:FNLPF) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Fresnillo PLC (OTCMKTS:FNLPF) have been given a consensus recommendation of “Hold” by the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and two have issued a strong buy rating on the company.

A number of equities research analysts have issued reports on the stock. Scotiabank downgraded shares of Fresnillo from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 23rd. HSBC upgraded shares of Fresnillo to a “hold” rating in a research report on Monday, October 13th. Citigroup restated a “buy” rating on shares of Fresnillo in a research report on Friday, September 26th. Morgan Stanley reiterated an “underweight” rating on shares of Fresnillo in a research note on Wednesday, October 8th. Finally, Peel Hunt cut Fresnillo from a “moderate buy” rating to a “hold” rating in a report on Tuesday, August 19th.

Fresnillo Trading Down 1.0%

Shares of OTCMKTS FNLPF opened at $31.00 on Friday. The stock’s fifty day moving average is $30.70 and its 200 day moving average is $23.41. Fresnillo has a 52 week low of $7.65 and a 52 week high of $35.97. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.34 and a current ratio of 5.09.

Fresnillo Company Profile

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 Juanicipio. The company primarily explores for silver, gold, lead, and zinc concentrates. Its projects include the 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; San Julián silver-gold mine situated on the border of Chihuahua/Durango states; and Juanicipio mine located in the state of Zacatecas.