Fresnillo (OTCMKTS:FNLPF) Lowered to “Strong Sell” Rating by Zacks Research

Zacks Research downgraded shares of Fresnillo (OTCMKTS:FNLPF) from a hold rating to a strong sell rating in a research note published on Monday,Zacks.com reports.

Other analysts have also issued reports about the stock. Jefferies Financial Group assumed coverage on shares of Fresnillo in a research note on Monday, August 3rd. They set a “hold” rating for the company. Scotiabank raised shares of Fresnillo from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 16th. Finally, Citigroup reiterated a “buy” rating on shares of Fresnillo in a report on Monday, April 13th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

Fresnillo Trading Down 0.7%

Shares of Fresnillo stock opened at $40.11 on Monday. The stock’s fifty day moving average is $37.37 and its two-hundred day moving average is $44.52. The company has a quick ratio of 3.88, a current ratio of 4.35 and a debt-to-equity ratio of 0.17. Fresnillo has a 52 week low of $22.04 and a 52 week high of $61.00.

About Fresnillo

Fresnillo plc is a precious metals mining company focused on the production, exploration and development of silver and gold. The company is widely recognized as a leading primary silver producer and a significant gold producer, operating in the mining sector with activities that span underground and open-pit mining, mineral processing and concentrator operations. Fresnillo’s business centers on bringing mined ore through processing to produce saleable precious metal products for industrial and investment markets.

Operationally, the company manages a portfolio of producing mines and development projects, with exploration programs intended to extend mine life and expand resource bases.