Fresnillo (OTCMKTS:FNLPF) Downgraded to Hold Rating by Peel Hunt

Key Points

• Fresnillo has been downgraded from a "moderate buy" to a "hold" rating by Peel Hunt, reflecting a change in analysts' outlook.
• The stock has seen recent downgrades from other brokerages as well, including UBS Group, which also moved from a "strong-buy" to a "hold" rating.
• Despite these downgrades, Fresnillo still holds a consensus rating of "Moderate Buy" from analysts, with one strong buy and three hold ratings attributed to it.

Peel Hunt lowered shares of Fresnillo (OTCMKTS:FNLPF - Free Report) from a moderate buy rating to a hold rating in a report issued on Tuesday, August 19th,Zacks.com reports.

A number of other research analysts also recently commented on FNLPF. UBS Group downgraded Fresnillo from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 3rd. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Fresnillo in a research note on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy".

Fresnillo Price Performance

FNLPF stock traded up $1.24 during midday trading on Tuesday, reaching $23.86. The company had a trading volume of 8,776 shares, compared to its average volume of 10,985. The stock has a 50 day moving average price of $20.54 and a 200-day moving average price of $15.61. Fresnillo has a 1-year low of $6.57 and a 1-year high of $23.86. The company has a quick ratio of 5.51, a current ratio of 6.63 and a debt-to-equity ratio of 0.20.

About Fresnillo

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 Juanicipio. The company primarily explores for silver, gold, lead, and zinc concentrates. Its projects include the 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; San Julián silver-gold mine situated on the border of Chihuahua/Durango states; and Juanicipio mine located in the state of Zacatecas.