Fresnillo PLC (OTCMKTS:FNLPF) Given Average Rating of “Hold” by Analysts

Shares of Fresnillo PLC (OTCMKTS:FNLPF) have earned an average recommendation of “Hold” from the ten brokerages that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating on the company.

Several brokerages recently issued reports on FNLPF. HSBC raised shares of Fresnillo to a “hold” rating in a research note on Monday, October 13th. Zacks Research cut Fresnillo from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 23rd. Citigroup reiterated a “buy” rating on shares of Fresnillo in a report on Monday, November 24th. Scotiabank cut shares of Fresnillo from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 23rd. Finally, Morgan Stanley restated an “underweight” rating on shares of Fresnillo in a research report on Tuesday, December 16th.

Fresnillo Stock Down 1.2%

Shares of FNLPF opened at $46.50 on Friday. The stock has a 50 day moving average price of $37.20 and a 200 day moving average price of $29.48. Fresnillo has a one year low of $7.65 and a one year high of $50.89. The company has a current ratio of 5.09, a quick ratio of 4.34 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.