Fresnillo (OTCMKTS:FNLPF) Share Price Crosses Below 50 Day Moving Average of $9.71

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Fresnillo Plc (OTCMKTS:FNLPF)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $9.71 and traded as low as $10.55. Fresnillo shares last traded at $10.56, with a volume of 1,375 shares traded.

Several research analysts have commented on FNLPF shares. Morgan Stanley upgraded shares of Fresnillo from an “underweight” rating to a “hold” rating in a research report on Tuesday, March 26th. Zacks Investment Research upgraded shares of Fresnillo from a “sell” rating to a “hold” rating in a research report on Monday, March 18th. ValuEngine downgraded shares of Fresnillo from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. BMO Capital Markets downgraded shares of Fresnillo from an “outperform” rating to a “market perform” rating in a research report on Monday, April 22nd. Finally, Macquarie restated an “underperform” rating on shares of Fresnillo in a research report on Friday, March 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold”.

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Fresnillo Company Profile (OTCMKTS:FNLPF)

Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. It primarily explores for silver, gold, lead, and zinc concentrates. The company's operating mines include the Fresnillo, Saucito, Ciénega, Herradura, Noche Buena, and San Julián; development projects comprise the Pyrites Plant, and second line of the DLP at Herradura; and advanced exploration projects consist of the Orisyvo, Juanicipio, Las Casas Rosario and Cluster Cebollitas, and Centauro Deep, as well as various other long term exploration prospects.

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