Fresnillo’s (FNLPF) Underweight Rating Reiterated at Morgan Stanley

Morgan Stanley reaffirmed their underweight rating on shares of Fresnillo (OTCMKTS:FNLPF) in a report released on Friday.

A number of other brokerages have also commented on FNLPF. Zacks Investment Research lowered shares of Fresnillo from a hold rating to a sell rating in a research report on Thursday, August 2nd. ValuEngine raised shares of Fresnillo from a strong sell rating to a sell rating in a research report on Thursday, October 11th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock has an average rating of Hold.

Fresnillo stock opened at $9.85 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 8.72 and a current ratio of 10.24. Fresnillo has a 1-year low of $9.85 and a 1-year high of $19.93. The stock has a market capitalization of $7.26 billion, a P/E ratio of 15.15 and a beta of 0.42.

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.

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