Fresnillo (OTCMKTS:FNLPF) Downgraded to Hold Rating by Zacks Research

Zacks Research cut shares of Fresnillo (OTCMKTS:FNLPF) from a strong-buy rating to a hold rating in a research note published on Tuesday,Zacks.com reports.

Other analysts also recently issued reports about the company. HSBC upgraded Fresnillo to a “hold” rating in a research report on Monday, October 13th. Citigroup reissued a “buy” rating on shares of Fresnillo in a report on Monday, November 24th. Morgan Stanley reaffirmed an “underweight” rating on shares of Fresnillo in a report on Tuesday, December 16th. Hsbc Global Res upgraded shares of Fresnillo from a “moderate sell” rating to a “hold” rating in a research report on Monday, October 13th. Finally, Scotiabank downgraded shares of Fresnillo from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Fresnillo has an average rating of “Hold”.

Fresnillo Price Performance

OTCMKTS FNLPF opened at $43.98 on Tuesday. The business has a fifty day moving average price of $33.72 and a two-hundred day moving average price of $27.51. Fresnillo has a fifty-two week low of $7.65 and a fifty-two week high of $45.84. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.34 and a current ratio of 5.09.

Fresnillo Company Profile

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.