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

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

Other research analysts also recently issued reports about the company. Scotiabank raised Fresnillo from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 16th. Barclays cut shares of 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 shares of Fresnillo in a report on Monday, August 3rd. They issued a “hold” rating for the company. One analyst has rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Fresnillo currently has a consensus rating of “Reduce”.

Fresnillo Stock Performance

Shares of FNLPF stock opened at $36.37 on Monday. The business’s 50 day moving average is $39.50 and its two-hundred day moving average is $41.23. The company has a current ratio of 6.35, a quick ratio of 5.59 and a debt-to-equity ratio of 0.15. Fresnillo has a 12-month low of $27.05 and a 12-month high of $61.00.

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.