Fresnillo (OTCMKTS:FNLPF) Upgraded by Zacks Investment Research to Hold

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

According to Zacks, “Fresnillo plc is silver and gold mining and exploration company. It also produces lead and zinc concentrates, silver precipitates, gold and silver dore bars and leases mining equipment. The Company has properties in Mexico. Fresnillo also holds interests in properties located in Zacatecas, Durango and Sonora. Fresnillo plc is headquartered in Mexico. “

Other equities analysts also recently issued research reports about the company. Royal Bank of Canada downgraded Fresnillo from a “top pick” rating to a “sector perform” rating in a report on Wednesday, July 31st. UBS Group downgraded Fresnillo from a “buy” rating to a “neutral” rating in a report on Friday, July 19th. HSBC downgraded Fresnillo from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Finally, ValuEngine upgraded Fresnillo from a “sell” rating to a “hold” rating in a report on Monday, June 3rd. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold”.

Shares of FNLPF traded up $0.05 during trading hours on Thursday, reaching $8.20. The company’s stock had a trading volume of 3,246 shares, compared to its average volume of 9,241. The firm has a market cap of $6.01 billion, a price-to-earnings ratio of 17.83 and a beta of 0.17. Fresnillo has a 1-year low of $7.01 and a 1-year high of $13.76. The company has a 50 day moving average of $9.31 and a two-hundred day moving average of $10.41.

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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