Fresnillo PLC (OTCMKTS:FNLPF) Stock Rated “Reduce” by Wall Street Analysts

Fresnillo PLC (OTCMKTS:FNLPF) has received a consensus rating of “Reduce” from the eight brokerages that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company.

FNLPF has been the subject of several research reports. Barclays lowered shares of Fresnillo from an “equal weight” rating to a “strong sell” rating in a research report on Thursday, September 3rd. Scotiabank raised Fresnillo from a “strong sell” rating to a “hold” rating in a report on Thursday, July 16th. Jefferies Financial Group began coverage on shares of Fresnillo in a report on Monday, August 3rd. They issued a “hold” rating for the company. Finally, Zacks Research raised shares of Fresnillo from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th.

Fresnillo Stock Up 2.1%

FNLPF opened at $36.42 on Tuesday. Fresnillo has a 1-year low of $27.05 and a 1-year high of $61.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 5.59 and a current ratio of 6.35. The business has a 50 day moving average price of $39.60 and a two-hundred day moving average price of $41.13.

Fresnillo Company Profile

Fresnillo plc (OTCMKTS:FNLPF) is a Mexico-based precious metals mining company focused on the exploration, development and production of silver and gold. The company is one of the world’s significant primary silver producers and also produces gold, lead and zinc as by-products of its mining operations.

Fresnillo operates a portfolio of mines and processing facilities in Mexico, including the Fresnillo, Saucito, Ciénega, Herradura, San Julián and Noche Buena mines. It also holds a majority interest in the Juanicipio silver-gold mine, which is operated in partnership with MAG Silver.