Fresnillo (OTCMKTS:FNLPF) Rating Increased to Hold at Zacks Investment Research

Fresnillo (OTCMKTS:FNLPFGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks.com 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. “

A number of other brokerages also recently weighed in on FNLPF. Royal Bank of Canada reiterated a “buy” rating and issued a GBX 1,225 ($15.10) price target (up from GBX 1,175 ($14.48)) on shares of Fresnillo in a report on Tuesday. Jefferies Financial Group downgraded Fresnillo from a “buy” rating to a “hold” rating in a report on Thursday, January 27th. Finally, JPMorgan Chase & Co. lowered their price objective on Fresnillo from GBX 900 ($11.09) to GBX 850 ($10.48) in a research note on Thursday, April 28th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Fresnillo currently has an average rating of “Hold” and a consensus price target of $696.00.

Shares of OTCMKTS FNLPF traded up $0.11 during trading on Thursday, reaching $9.48. The stock had a trading volume of 8,725 shares, compared to its average volume of 12,064. Fresnillo has a one year low of $8.35 and a one year high of $13.38. The firm’s 50 day moving average price is $9.79 and its two-hundred day moving average price is $10.56.

About Fresnillo (Get Rating)

Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. It operates through seven segments: Fresnillo, Saucito, Ciénega, Herradura, Noche Buena, San Julián, and Other. The company primarily explores for silver, gold, lead, and zinc concentrates. Its projects include Fresnillo silver mine located in the state of Zacatecas; Saucito silver mine situated in the state of Zacatecas; Ciénega gold mine located in the state of Durango; Herradura gold mine situated in the state of Sonora; Noche Buena gold mine located in the state of Sonora; and San Julián silver-gold mine situated on the border of Chihuahua/Durango states.

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