The Fresnillo Plc (FNLPF) Lowered by The Zacks Investment Research to Hold

The Fresnillo Plc (FNLPF) Lowered by The Zacks Investment Research to Hold

Zacks Investment Research downgraded shares of Fresnillo Plc (NASDAQ:FNLPF) from a buy rating to a hold rating in a research note published on Tuesday.

According to Zacks, “Fresnillo plc is silver and gold mining and exploration company. It also produces lead and zinc concentrates, silver precipitates, gold and silver dore bars and leases mining equipment. The Company has properties in Mexico. Fresnillo also holds interests in properties located in Zacatecas, Durango and Sonora. Fresnillo plc is headquartered in Mexico. “

A number of other brokerages have also issued reports on FNLPF. Deutsche Bank AG reaffirmed a sell rating on shares of Fresnillo Plc in a research note on Wednesday, August 10th. HSBC upgraded Fresnillo Plc from a hold rating to a buy rating in a research report on Thursday, September 29th. Morgan Stanley upgraded Fresnillo Plc from an underweight rating to an equal weight rating in a research report on Wednesday, September 28th. JPMorgan Chase & Co. reiterated a neutral rating on shares of Fresnillo Plc in a research report on Thursday, November 10th. Finally, Barclays PLC reiterated an equal weight rating on shares of Fresnillo Plc in a research report on Thursday, November 10th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $26.00.

Shares of Fresnillo Plc (NASDAQ:FNLPF) opened at 15.23 on Tuesday. The stock has a market capitalization of $11.22 billion and a P/E ratio of 69.54. The firm’s 50-day moving average price is $19.35 and its 200 day moving average price is $20.86. Fresnillo Plc has a 1-year low of $9.00 and a 1-year high of $26.65.

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