Fresnillo PLC (OTCMKTS:FNLPF) Receives Consensus Recommendation of “Hold” from Brokerages

Fresnillo PLC (OTCMKTS:FNLPF) has received a consensus rating of “Hold” from the ten brokerages that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation, one has issued a buy recommendation and two have assigned a strong buy recommendation to the company.

A number of research analysts recently issued reports on the stock. Zacks Research upgraded shares of Fresnillo from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 22nd. Scotiabank lowered Fresnillo from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 23rd. HSBC upgraded Fresnillo to a “hold” rating in a research note on Monday, October 13th. Hsbc Global Res upgraded Fresnillo from a “moderate sell” rating to a “hold” rating in a research report on Monday, October 13th. Finally, Morgan Stanley reissued an “underweight” rating on shares of Fresnillo in a report on Monday, January 12th.

Fresnillo Stock Down 11.6%

Shares of Fresnillo stock opened at $47.81 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 5.09 and a quick ratio of 4.34. Fresnillo has a 12-month low of $8.60 and a 12-month high of $61.00. The company’s 50-day moving average price is $44.53 and its 200-day moving average price is $33.25.

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.