Fresnillo (OTCMKTS:FNLPF) Stock Rating Lowered by Berenberg Bank

Fresnillo (OTCMKTS:FNLPF) was downgraded by equities researchers at Berenberg Bank from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

Several other equities analysts have also recently commented on the stock. HSBC upgraded shares of Fresnillo to a “hold” rating in a research report on Monday, October 13th. Morgan Stanley restated an “underweight” rating on shares of Fresnillo in a research report on Monday, January 12th. Zacks Research upgraded Fresnillo from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 22nd. Citigroup reiterated a “buy” rating on shares of Fresnillo in a research note on Wednesday, January 14th. Finally, Scotiabank downgraded Fresnillo from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

Fresnillo Trading Up 6.3%

FNLPF stock opened at $50.40 on Thursday. Fresnillo has a 52 week low of $9.06 and a 52 week high of $61.00. The business has a 50-day simple moving average of $46.21 and a 200 day simple moving average of $34.21. The company has a quick ratio of 4.34, a current ratio of 5.09 and a debt-to-equity ratio of 0.20.

Fresnillo Company Profile

Fresnillo plc is a precious metals mining company focused on the production, exploration and development of silver and gold. The company is widely recognized as a leading primary silver producer and a significant gold producer, operating in the mining sector with activities that span underground and open-pit mining, mineral processing and concentrator operations. Fresnillo’s business centers on bringing mined ore through processing to produce saleable precious metal products for industrial and investment markets.

Operationally, the company manages a portfolio of producing mines and development projects, with exploration programs intended to extend mine life and expand resource bases.