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

Fresnillo PLC (OTCMKTS:FNLPF) has been assigned an average recommendation of “Reduce” from the seven research firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company.

Several research firms have issued reports on FNLPF. Barclays cut Fresnillo from an “equal weight” rating to a “strong sell” rating in a research report on Thursday, September 3rd. Jefferies Financial Group began coverage on shares of Fresnillo in a research report on Monday, August 3rd. They set a “hold” rating on the stock. Zacks Research raised shares of Fresnillo from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. 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

FNLPF opened at $29.97 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 6.35 and a quick ratio of 5.59. The business has a 50 day simple moving average of $37.97 and a 200-day simple moving average of $42.98. Fresnillo has a 12 month low of $27.24 and a 12 month high of $61.00.

Fresnillo Company Profile

Fresnillo plc is a Mexico-focused precious metals mining company that explores for, develops, and produces silver and gold. Its operations include underground and open-pit mines, processing facilities, and exploration projects, with production primarily consisting of silver-bearing concentrates, doré and related mineral products.

The company operates in Mexico, including the states of Zacatecas, Durango and Sonora. Its portfolio has included the Fresnillo, Saucito, San Julián, Ciénega and Herradura mines, as well as the Juanicipio silver-gold project, which Fresnillo operates in partnership with MAG Silver.