Fresnillo (OTCMKTS:FNLPF) was downgraded by equities research analysts at Bank of America from a “buy” rating to a “neutral” rating in a research report issued on Tuesday, Briefing.com Automated Import reports.
A number of other equities analysts have also commented on the stock. Goldman Sachs Group lowered shares of Fresnillo from a “neutral” rating to a “sell” rating in a research report on Thursday, November 14th. Macquarie upgraded Fresnillo from an “underperform” rating to an “outperform” rating and set a $9.00 price target for the company in a report on Friday, September 13th. ValuEngine raised Fresnillo from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Zacks Investment Research upgraded Fresnillo from a “hold” rating to a “buy” rating and set a $9.00 price objective on the stock in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $9.00.
Fresnillo stock opened at $7.45 on Tuesday. The stock has a market cap of $5.51 billion, a price-to-earnings ratio of 16.20 and a beta of -0.02. Fresnillo has a 1 year low of $6.89 and a 1 year high of $13.76. The firm has a 50-day moving average of $8.23 and a two-hundred day moving average of $9.12.
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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