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

Shares of Fresnillo PLC (OTCMKTS:FNLPF) have received an average recommendation of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company.

Several brokerages have recently weighed in on FNLPF. HSBC raised shares of Fresnillo to a “hold” rating in a research note on Monday, October 13th. Peel Hunt downgraded shares of Fresnillo from a “moderate buy” rating to a “hold” rating in a report on Tuesday, August 19th. Scotiabank lowered shares of Fresnillo from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 23rd. Morgan Stanley reissued an “underweight” rating on shares of Fresnillo in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded Fresnillo from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th.

Fresnillo Stock Performance

OTCMKTS:FNLPF opened at $38.77 on Wednesday. The stock’s fifty day moving average is $32.27 and its 200 day moving average is $26.04. Fresnillo has a fifty-two week low of $7.65 and a fifty-two week high of $39.95. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.34 and a current ratio of 5.09.

About Fresnillo

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.