Fresnillo (OTCMKTS:FNLPF) Rating Lowered to Strong Sell at Zacks Research

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

Other research analysts have also issued research reports about the company. Jefferies Financial Group initiated coverage on Fresnillo in a research report on Monday, August 3rd. They set a “hold” rating for the company. Scotiabank upgraded shares of Fresnillo from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 16th. Finally, Citigroup reaffirmed a “buy” rating on shares of Fresnillo in a report on Monday, April 13th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce”.

Fresnillo Price Performance

Shares of OTCMKTS FNLPF opened at $40.11 on Monday. Fresnillo has a 12-month low of $22.04 and a 12-month high of $61.00. The stock has a 50 day simple moving average of $37.37 and a 200-day simple moving average of $44.52. The company has a current ratio of 4.35, a quick ratio of 3.88 and a debt-to-equity ratio of 0.17.

Fresnillo Company Profile

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.