Shares of Fresnillo plc (OTCMKTS:FNLPF – Get Rating) have been assigned an average rating of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $941.67.
A number of analysts have recently commented on FNLPF shares. Morgan Stanley dropped their price target on Fresnillo from GBX 780 ($9.42) to GBX 750 ($9.06) and set an “equal weight” rating on the stock in a research report on Friday, July 22nd. Peel Hunt raised Fresnillo to a “buy” rating in a research report on Wednesday, September 7th. Finally, Credit Suisse Group started coverage on Fresnillo in a research report on Wednesday, July 6th. They issued an “underperform” rating on the stock.
Fresnillo Stock Down 5.2 %
Shares of FNLPF opened at $8.09 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 4.45 and a quick ratio of 3.61. The business’s 50 day moving average price is $8.36 and its 200-day moving average price is $9.18. Fresnillo has a 52 week low of $7.50 and a 52 week high of $13.38.
Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. It operates through seven segments: Fresnillo, Saucito, Ciénega, Herradura, Noche Buena, San Julián, and Other. The company primarily explores for silver, gold, lead, and zinc concentrates. Its projects include Fresnillo silver mine located in the state of Zacatecas; Saucito silver mine situated in the state of Zacatecas; Ciénega gold mine located in the state of Durango; Herradura gold mine situated in the state of Sonora; Noche Buena gold mine located in the state of Sonora; and San Julián silver-gold mine situated on the border of Chihuahua/Durango states.
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