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

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

A number of research analysts recently weighed in on the stock. Berenberg Bank lowered shares of Fresnillo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Zacks Research upgraded shares of 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, Morgan Stanley restated an “underweight” rating on shares of Fresnillo in a research note on Monday, January 12th.

Fresnillo Price Performance

FNLPF opened at $39.52 on Friday. Fresnillo has a 1 year low of $9.99 and a 1 year high of $61.00. The company has a quick ratio of 4.34, a current ratio of 5.09 and a debt-to-equity ratio of 0.20. The firm’s fifty day moving average price is $51.38 and its two-hundred day moving average price is $40.41.

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.