Fresnillo PLC (OTCMKTS:FNLPF) Given Average Recommendation of “Reduce” by Analysts

Fresnillo PLC (OTCMKTS:FNLPF) has been assigned an average recommendation of “Reduce” from the eight brokerages that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company.

FNLPF has been the topic of a number of recent research reports. Jefferies Financial Group started coverage on shares of Fresnillo in a report on Monday, August 3rd. They set a “hold” rating on the stock. Zacks Research cut shares of Fresnillo from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. Barclays downgraded shares of Fresnillo from an “equal weight” rating to a “strong sell” rating in a research report on Thursday, September 3rd. Finally, Scotiabank upgraded Fresnillo from a “strong sell” rating to a “hold” rating in a report on Thursday, July 16th.

Fresnillo Trading Up 3.3%

Shares of OTCMKTS FNLPF opened at $40.54 on Friday. The business has a 50 day simple moving average of $38.51 and a 200 day simple moving average of $42.24. Fresnillo has a 52 week low of $27.05 and a 52 week high of $61.00. 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 is a precious-metals mining company focused on the exploration, development and operation of mines in Mexico. The company primarily produces silver and gold, with lead and zinc recovered as byproducts from certain operations. Its activities include geological exploration, mine development, ore processing and the sale of refined and payable metals.

Fresnillo’s operating portfolio includes the Fresnillo, Saucito, Ciénega, Herradura and San Julián mines, as well as the Juanicipio mine, which it operates in partnership with MAG Silver.