Fresnillo (OTCMKTS:FNLPF) Given Neutral Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their neutral rating on shares of Fresnillo (OTCMKTS:FNLPF) in a research report sent to investors on Wednesday, The Fly reports.

FNLPF has been the subject of a number of other reports. Panmure Gordon upgraded shares of Fresnillo from a sell rating to a hold rating in a report on Wednesday, July 22nd. Morgan Stanley reaffirmed an equal weight rating on shares of Fresnillo in a research note on Tuesday, June 23rd. UBS Group reaffirmed a hold rating on shares of Fresnillo in a research note on Monday, July 27th. Scotiabank lowered shares of Fresnillo from a sector perform rating to an underperform rating in a research note on Monday, July 20th. Finally, Bank of America raised shares of Fresnillo from a neutral rating to a buy rating in a research note on Thursday, July 23rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $11.00.

Shares of OTCMKTS:FNLPF opened at $16.38 on Wednesday. The stock has a market capitalization of $12.07 billion, a price-to-earnings ratio of 71.20 and a beta of 0.18. Fresnillo has a 1-year low of $5.53 and a 1-year high of $16.73. The company has a debt-to-equity ratio of 0.25, a quick ratio of 4.86 and a current ratio of 6.37. The company has a 50 day moving average price of $11.90 and a 200 day moving average price of $9.48.

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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