Fresnillo PLC (OTCMKTS:FNLPF) Stock Rated “Reduce” by Sell-Side Brokerages

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

Several research analysts have recently weighed in on FNLPF shares. Zacks Research upgraded shares of Fresnillo from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Barclays lowered shares of Fresnillo from an “equal weight” rating to a “strong sell” rating in a research report on Thursday, September 3rd. Jefferies Financial Group initiated coverage on shares of Fresnillo in a research report on Monday, August 3rd. They set a “hold” rating for the company. Finally, Scotiabank raised shares of Fresnillo from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 16th.

Fresnillo Price Performance

OTCMKTS FNLPF opened at $36.44 on Tuesday. Fresnillo has a fifty-two week low of $27.05 and a fifty-two week high of $61.00. The business has a fifty day moving average of $39.66 and a 200-day moving average of $41.07. The company has a debt-to-equity ratio of 0.15, a current ratio of 6.35 and a quick ratio of 5.59.

About Fresnillo

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.