Berenberg Bank Downgrades Fresnillo (OTCMKTS:FNLPF) to Hold

Fresnillo (OTCMKTS:FNLPF) was downgraded by investment analysts at Berenberg Bank from a “strong-buy” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

FNLPF has been the topic of several other reports. Hsbc Global Res raised shares of Fresnillo from a “moderate sell” rating to a “hold” rating in a research note on Monday, October 13th. Scotiabank downgraded shares of Fresnillo from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 23rd. HSBC raised Fresnillo to a “hold” rating in a research report on Monday, October 13th. Zacks Research upgraded Fresnillo from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 22nd. Finally, Morgan Stanley reissued an “underweight” rating on shares of Fresnillo in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Fresnillo Price Performance

Shares of OTCMKTS:FNLPF opened at $47.42 on Thursday. Fresnillo has a 1 year low of $9.06 and a 1 year high of $61.00. The company has a current ratio of 5.09, a quick ratio of 4.34 and a debt-to-equity ratio of 0.20. The firm’s 50-day moving average is $45.91 and its two-hundred day moving average is $34.00.

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.