Macquarie upgraded shares of Fresnillo (OTCMKTS:FNLPF) from an underperform rating to an outperform rating in a report released on Friday, The Fly reports. The firm currently has $9.00 price target on the basic materials company’s stock.
FNLPF has been the topic of several other reports. Zacks Investment Research upgraded shares of Fresnillo from a sell rating to a hold rating in a research report on Tuesday, September 10th. HSBC cut shares of Fresnillo from a buy rating to a hold rating in a research report on Friday, August 2nd. ValuEngine upgraded shares of Fresnillo from a sell rating to a hold rating in a research report on Monday, June 3rd. UBS Group cut shares of Fresnillo from a buy rating to a neutral rating in a research report on Friday, July 19th. Finally, Royal Bank of Canada cut shares of Fresnillo from a top pick rating to a sector perform rating in a research report on Wednesday, July 31st. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $9.00.
FNLPF stock opened at $9.13 on Friday. The company’s 50 day moving average is $8.56 and its 200 day moving average is $10.00. The stock has a market cap of $6.82 billion, a price-to-earnings ratio of 19.85 and a beta of 0.11. Fresnillo has a 1-year low of $7.01 and a 1-year high of $13.76.
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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