Fresnillo PLC (OTCMKTS:FNLPF) Given Consensus Recommendation of “Hold” by Brokerages

Fresnillo PLC (OTCMKTS:FNLPF) has been assigned an average rating of “Hold” from the ten ratings firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and two have given a strong buy rating to the company.

FNLPF has been the topic of a number of research analyst reports. Citigroup restated a “buy” rating on shares of Fresnillo in a research note on Wednesday, January 14th. Morgan Stanley restated an “underweight” rating on shares of Fresnillo in a research report on Monday, January 12th. HSBC raised shares of 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 note on Monday, October 13th. Finally, Scotiabank lowered Fresnillo from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 23rd.

Fresnillo Stock Down 2.9%

OTCMKTS:FNLPF opened at $51.31 on Thursday. Fresnillo has a twelve month low of $9.06 and a twelve month high of $61.00. The company has a quick ratio of 4.34, a current ratio of 5.09 and a debt-to-equity ratio of 0.20. The stock’s 50-day simple moving average is $45.64 and its 200 day simple moving average is $33.91.

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.