Fresnillo (FNLPF) to Release Earnings on Tuesday

Fresnillo (OTCMKTS:FNLPF) will likely be releasing its results before the market opens on Tuesday, March 3rd. Analysts expect Fresnillo to post earnings of $0.8650 per share for the quarter.

Fresnillo Stock Performance

OTCMKTS:FNLPF opened at $53.40 on Tuesday. The company has a quick ratio of 4.34, a current ratio of 5.09 and a debt-to-equity ratio of 0.20. Fresnillo has a fifty-two week low of $9.13 and a fifty-two week high of $61.00. The stock’s 50-day moving average is $49.52 and its two-hundred day moving average is $36.95.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Berenberg Bank downgraded shares of Fresnillo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Morgan Stanley restated an “underweight” rating on shares of Fresnillo in a report on Monday, January 12th. Zacks Research upgraded Fresnillo from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 22nd. Finally, Citigroup reissued a “buy” rating on shares of Fresnillo in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Fresnillo presently has an average rating of “Hold”.

About Fresnillo

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.