Zacks Research Downgrades Fresnillo (OTCMKTS:FNLPF) to Strong Sell

Fresnillo (OTCMKTS:FNLPF) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other research firms have also commented on FNLPF. Citigroup reiterated a “buy” rating on shares of Fresnillo in a research note on Monday, April 13th. Jefferies Financial Group began coverage on Fresnillo in a research report on Monday, August 3rd. They issued a “hold” rating for the company. Finally, Scotiabank raised Fresnillo from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 16th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce”.

Fresnillo Stock Performance

Fresnillo stock opened at $40.11 on Monday. Fresnillo has a 52 week low of $22.04 and a 52 week high of $61.00. The company’s 50-day moving average price is $37.37 and its two-hundred day moving average price is $44.52. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.35 and a quick ratio of 3.88.

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.