Fresnillo (FNLPF) Projected to Post Quarterly Earnings on Tuesday

Fresnillo (OTCMKTS:FNLPF) is projected to issue its resultson Tuesday, August 4th. Analysts expect the company to announce earnings of $1.56 per share and revenue of $3.4105 billion for the quarter.

Fresnillo Price Performance

Shares of FNLPF stock remained flat at $33.80 during midday trading on Tuesday. 5,063 shares of the company’s stock were exchanged, compared to its average volume of 5,839. The business has a 50 day simple moving average of $39.02 and a 200 day simple moving average of $45.60. Fresnillo has a one year low of $18.31 and a one 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.

Analyst Ratings Changes

Several brokerages recently commented on FNLPF. Zacks Research cut Fresnillo from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. Citigroup reaffirmed a “buy” rating on shares of Fresnillo in a research note on Monday, April 13th. Finally, Scotiabank upgraded Fresnillo from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 16th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

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.