Fresnillo (OTCMKTS:FNLPF) Lowered 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 cut shares of Fresnillo (OTCMKTS:FNLPF - Free Report) from a moderate buy rating to a hold rating in a report issued on Tuesday morning,Zacks.com reports.

Other analysts have also recently issued reports about the company. UBS Group cut Fresnillo from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 3rd. Royal Bank Of Canada restated a "sector perform" rating on shares of Fresnillo in a report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

Fresnillo Stock Performance

Shares of OTCMKTS:FNLPF traded up $0.2150 during midday trading on Tuesday, hitting $22.75. 1,903 shares of the stock were exchanged, compared to its average volume of 7,605. The company has a debt-to-equity ratio of 0.20, a quick ratio of 5.51 and a current ratio of 6.63. The business's 50-day moving average price is $20.47 and its 200 day moving average price is $15.48. Fresnillo has a 12 month low of $6.57 and a 12 month high of $23.70.

Fresnillo Company Profile

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.