Fresnillo Plc (OTCMKTS:FNLPF) – Stock analysts at Jefferies Financial Group decreased their FY2020 earnings estimates for Fresnillo in a report released on Monday, August 19th. Jefferies Financial Group analyst A. Spence now forecasts that the basic materials company will earn $0.34 per share for the year, down from their prior estimate of $0.49.
Several other research firms have also weighed in on FNLPF. Royal Bank of Canada lowered Fresnillo from a “top pick” rating to a “sector perform” rating in a research report on Wednesday, July 31st. Zacks Investment Research upgraded Fresnillo from a “sell” rating to a “hold” rating in a research note on Thursday. ValuEngine upgraded Fresnillo from a “sell” rating to a “hold” rating in a research note on Monday, June 3rd. HSBC downgraded Fresnillo from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, UBS Group downgraded Fresnillo from a “buy” rating to a “neutral” rating in a research note on Friday, July 19th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold”.
FNLPF stock opened at $8.55 on Thursday. The stock has a 50-day moving average price of $9.26 and a 200-day moving average price of $10.38. Fresnillo has a 1-year low of $7.01 and a 1-year high of $13.76. The firm has a market cap of $6.30 billion, a PE ratio of 18.59 and a beta of 0.17.
Fresnillo Company Profile
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.