Zacks Investment Research Downgrades Fresnillo Plc (FNLPF) to Hold
Fresnillo Plc (NASDAQ:FNLPF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.
According to Zacks, “Fresnillo plc is silver and gold mining and exploration company. It also produces lead and zinc concentrates, silver precipitates, gold and silver dore bars and leases mining equipment. The Company has properties in Mexico. Fresnillo also holds interests in properties located in Zacatecas, Durango and Sonora. Fresnillo plc is headquartered in Mexico. “
Several other research firms also recently issued reports on FNLPF. Deutsche Bank AG reaffirmed a “sell” rating on shares of Fresnillo Plc in a research note on Wednesday, August 10th. HSBC raised Fresnillo Plc from a “hold” rating to a “buy” rating in a research note on Thursday, September 29th. Morgan Stanley upgraded Fresnillo Plc from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, September 28th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Fresnillo Plc in a research report on Thursday, November 10th. Finally, Barclays PLC reiterated an “equal weight” rating on shares of Fresnillo Plc in a research report on Thursday, November 10th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $26.00.
Shares of Fresnillo Plc (NASDAQ:FNLPF) traded down 5.58% during mid-day trading on Tuesday, hitting $15.90. 3,030 shares of the stock traded hands. The company has a market cap of $11.72 billion and a P/E ratio of 72.60. The stock has a 50 day moving average price of $19.73 and a 200-day moving average price of $20.90. Fresnillo Plc has a one year low of $9.00 and a one year high of $26.65.
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