Fresnillo PLC (OTCMKTS:FNLPF) Receives Average Rating of “Reduce” from Brokerages

Shares of Fresnillo PLC (OTCMKTS:FNLPF) have been given an average rating of “Reduce” by the nine research firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has given a buy recommendation to the company.

FNLPF has been the topic of several analyst reports. Morgan Stanley reiterated an “underweight” rating on shares of Fresnillo in a research note on Monday, January 12th. Citigroup reiterated a “buy” rating on shares of Fresnillo in a research note on Monday, April 13th. Zacks Research downgraded Fresnillo from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Berenberg Bank downgraded Fresnillo from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 5th.

Fresnillo Trading Down 0.6%

FNLPF opened at $49.25 on Friday. The business’s 50-day moving average is $47.19 and its two-hundred day moving average is $43.75. Fresnillo has a 1 year low of $12.80 and a 1 year high of $61.00. The company has a current ratio of 4.35, a quick ratio of 3.88 and a debt-to-equity ratio of 0.17.

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.