Fresnillo PLC (OTCMKTS:FNLPF) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of Fresnillo PLC (OTCMKTS:FNLPF) have been given an average recommendation of “Reduce” by the seven ratings firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company.

A number of brokerages have issued reports on FNLPF. Scotiabank raised Fresnillo from a “strong sell” rating to a “hold” rating in a report on Thursday, July 16th. Zacks Research lowered Fresnillo from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Finally, Jefferies Financial Group started coverage on Fresnillo in a report on Monday, August 3rd. They set a “hold” rating on the stock.

Fresnillo Price Performance

Shares of FNLPF opened at $44.09 on Monday. Fresnillo has a 52 week low of $22.57 and a 52 week 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. The stock has a fifty day moving average of $37.47 and a 200-day moving average of $43.74.

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.