Zacks Research Upgrades Fresnillo (OTCMKTS:FNLPF) to “Hold”

Fresnillo (OTCMKTS:FNLPF) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday, Zacks reports.

FNLPF has been the subject of a number of other research reports. Scotiabank raised Fresnillo from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 16th. Barclays cut Fresnillo from an “equal weight” rating to a “strong sell” rating in a research note on Thursday, September 3rd. Finally, Jefferies Financial Group began coverage on Fresnillo in a research note on Monday, August 3rd. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Fresnillo Price Performance

Shares of FNLPF opened at $36.37 on Monday. Fresnillo has a twelve month low of $27.05 and a twelve month high of $61.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 5.59 and a current ratio of 6.35. The company has a 50 day moving average of $39.50 and a two-hundred day moving average of $41.23.

Fresnillo Company Profile

Fresnillo plc (OTCMKTS:FNLPF) is a Mexico-based precious metals mining company focused on the exploration, development and production of silver and gold. The company is one of the world’s significant primary silver producers and also produces gold, lead and zinc as by-products of its mining operations.

Fresnillo operates a portfolio of mines and processing facilities in Mexico, including the Fresnillo, Saucito, Ciénega, Herradura, San Julián and Noche Buena mines. It also holds a majority interest in the Juanicipio silver-gold mine, which is operated in partnership with MAG Silver.