Fresnillo (OTCMKTS:FNLPF) Rating Lowered to Neutral at Bank of America

Bank of America cut shares of Fresnillo (OTCMKTS:FNLPF) from a buy rating to a neutral rating in a research report sent to investors on Tuesday, The Fly reports.

A number of other equities research analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Fresnillo from a hold rating to a buy rating and set a $9.00 price objective for the company in a research report on Monday, October 21st. Goldman Sachs Group lowered Fresnillo from a neutral rating to a sell rating in a research note on Thursday, November 14th. Macquarie raised Fresnillo from an underperform rating to an outperform rating and set a $9.00 target price on the stock in a report on Friday, September 13th. Finally, ValuEngine upgraded Fresnillo from a hold rating to a buy rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given 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 traded up $0.54 during midday trading on Tuesday, reaching $7.79. 10,894 shares of the company’s stock traded hands, compared to its average volume of 10,387. Fresnillo has a 52-week low of $6.89 and a 52-week high of $13.76. The stock has a market cap of $5.74 billion, a P/E ratio of 16.93 and a beta of -0.02. The stock’s 50-day moving average is $8.21 and its 200 day moving average is $9.08.

About Fresnillo

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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Analyst Recommendations for Fresnillo (OTCMKTS:FNLPF)

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