Fresnillo PLC (OTCMKTS:FNLPF) Given Consensus Rating of “Reduce” by Analysts

Fresnillo PLC (OTCMKTS:FNLPF) has received an average rating of “Reduce” from the eight ratings firms that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company.

FNLPF has been the topic of several recent research reports. Zacks Research downgraded Fresnillo from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Scotiabank raised Fresnillo from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 16th. Barclays lowered Fresnillo from an “equal weight” rating to a “strong sell” rating in a research report on Thursday, September 3rd. Finally, Jefferies Financial Group initiated coverage on shares of Fresnillo in a research note on Monday, August 3rd. They issued a “hold” rating on the stock.

Fresnillo Stock Performance

Shares of FNLPF stock opened at $40.05 on Friday. The company’s fifty day moving average price is $38.21 and its 200-day moving average price is $42.80. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.88 and a current ratio of 4.35. Fresnillo has a 12 month low of $27.05 and a 12 month high of $61.00.

Fresnillo Company Profile

Fresnillo plc is a precious-metals mining company focused on the exploration, development and operation of mines in Mexico. The company primarily produces silver and gold, with lead and zinc recovered as byproducts from certain operations. Its activities include geological exploration, mine development, ore processing and the sale of refined and payable metals.

Fresnillo’s operating portfolio includes the Fresnillo, Saucito, Ciénega, Herradura and San Julián mines, as well as the Juanicipio mine, which it operates in partnership with MAG Silver.