Fresnillo (OTCMKTS:FNLPF) Upgraded by Zacks Research to Strong-Buy Rating

Zacks Research upgraded shares of Fresnillo (OTCMKTS:FNLPF) from a hold rating to a strong-buy rating in a research report sent to investors on Thursday morning,Zacks.com reports.

Separately, Citigroup reaffirmed a “buy” rating on shares of Fresnillo in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Fresnillo Price Performance

Shares of OTCMKTS:FNLPF opened at $40.00 on Thursday. The firm’s 50 day simple moving average is $45.43 and its 200-day simple moving average is $46.25. Fresnillo has a one year low of $18.31 and a one year high of $61.00. The company has a quick ratio of 3.88, a current ratio of 4.35 and a debt-to-equity ratio of 0.17.

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.