Zacks Research Upgrades Fresnillo (OTCMKTS:FNLPF) to “Strong-Buy”

Fresnillo (OTCMKTS:FNLPF) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

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

Fresnillo Stock Up 3.7%

FNLPF stock opened at $40.00 on Thursday. Fresnillo has a 12 month low of $18.31 and a 12 month 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. The company has a 50-day moving average price of $45.43 and a 200 day moving average price of $46.25.

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.