Fresnillo (OTCMKTS:FNLPF) Upgraded at Zacks Research

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

Several other research firms have also commented on FNLPF. HSBC raised shares of Fresnillo to a “hold” rating in a research report on Monday, October 13th. Hsbc Global Res raised shares of Fresnillo from a “moderate sell” rating to a “hold” rating in a report on Monday, October 13th. Morgan Stanley reiterated an “underweight” rating on shares of Fresnillo in a research note on Monday, January 12th. Citigroup reissued a “buy” rating on shares of Fresnillo in a research report on Wednesday, January 14th. Finally, Scotiabank cut Fresnillo from a “hold” rating to a “strong sell” rating in a report on Thursday, October 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Fresnillo Stock Performance

FNLPF stock opened at $56.84 on Thursday. Fresnillo has a fifty-two week low of $8.30 and a fifty-two week high of $57.50. The business’s 50-day moving average is $42.05 and its two-hundred day moving average is $32.01. The company has a debt-to-equity ratio of 0.20, a current ratio of 5.09 and a quick ratio of 4.34.

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.