Fresnillo PLC (OTCMKTS:FNLPF) Receives Average Recommendation of “Reduce” from Brokerages

Shares of Fresnillo PLC (OTCMKTS:FNLPF) have received a consensus recommendation of “Reduce” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company.

FNLPF has been the topic of several research analyst reports. Zacks Research downgraded shares of Fresnillo from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. Jefferies Financial Group started coverage on shares of Fresnillo in a research report on Monday, August 3rd. They set a “hold” rating for the company. Finally, Scotiabank upgraded shares of Fresnillo from a “strong sell” rating to a “hold” rating in a report on Thursday, July 16th.

Fresnillo Stock Performance

OTCMKTS FNLPF opened at $38.71 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.88 and a current ratio of 4.35. Fresnillo has a 12 month low of $22.04 and a 12 month high of $61.00. The company’s 50 day moving average is $37.21 and its two-hundred day moving average is $44.16.

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.