Fresnillo PLC (OTCMKTS:FNLPF) Stock Now Rated “Reduce” by Wall Street Brokerages

Fresnillo PLC (OTCMKTS:FNLPF) has been given an average rating of “Reduce” by the eight brokerages that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating on the company.

FNLPF has been the subject of several recent research reports. Zacks Research raised Fresnillo from a “strong sell” rating to a “hold” rating in a research note on Monday. Scotiabank raised Fresnillo from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 16th. Jefferies Financial Group assumed coverage on Fresnillo in a research note on Monday, August 3rd. They issued a “hold” rating on the stock. Finally, Barclays cut Fresnillo from an “equal weight” rating to a “strong sell” rating in a report on Thursday, September 3rd.

Fresnillo Price Performance

Shares of OTCMKTS:FNLPF opened at $35.66 on Tuesday. The company has a quick ratio of 5.59, a current ratio of 6.35 and a debt-to-equity ratio of 0.15. Fresnillo has a 12-month low of $27.05 and a 12-month high of $61.00. The business has a fifty day simple moving average of $39.54 and a 200 day simple moving average of $41.17.

Fresnillo Company Profile

Fresnillo plc (OTCMKTS:FNLPF) is a Mexico-based precious metals mining company focused on the exploration, development and production of silver and gold. The company is one of the world’s significant primary silver producers and also produces gold, lead and zinc as by-products of its mining operations.

Fresnillo operates a portfolio of mines and processing facilities in Mexico, including the Fresnillo, Saucito, Ciénega, Herradura, San Julián and Noche Buena mines. It also holds a majority interest in the Juanicipio silver-gold mine, which is operated in partnership with MAG Silver.