Fresnillo (OTCMKTS:FNLPF) Cut to Sell at UBS Group

Fresnillo (OTCMKTS:FNLPF – Get Rating) was downgraded by equities research analysts at UBS Group from a “neutral” rating to a “sell” rating in a research report issued to clients and investors on Thursday, The Fly reports. They currently have a $850.00 price target on the basic materials company’s stock.

Several other research firms have also commented on FNLPF. Barclays lifted their price target on shares of Fresnillo from GBX 770 ($9.40) to GBX 825 ($10.07) in a research report on Friday, October 21st. JPMorgan Chase & Co. reduced their price target on shares of Fresnillo from GBX 800 ($9.76) to GBX 750 ($9.15) in a research report on Friday, October 14th. Morgan Stanley boosted their target price on Fresnillo from GBX 730 ($8.91) to GBX 800 ($9.76) in a research report on Thursday, December 8th. Peel Hunt lowered Fresnillo to a “hold” rating in a research report on Friday, December 16th. Finally, Royal Bank of Canada lowered Fresnillo from an “outperform” rating to a “sector perform” rating in a research report on Monday, January 9th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $890.00.

Fresnillo Stock Performance

FNLPF stock opened at $11.45 on Thursday. The company has a quick ratio of 3.41, a current ratio of 4.31 and a debt-to-equity ratio of 0.31. The firm’s 50 day moving average price is $10.79 and its 200-day moving average price is $9.24. Fresnillo has a one year low of $7.30 and a one year high of $11.95.

About Fresnillo

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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.