Zacks Investment Research upgraded shares of Fresnillo (OTCMKTS:FNLPF) from a sell rating to a hold rating in a report released on Tuesday morning, 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. “

Other research analysts also recently issued reports about the stock. HSBC downgraded shares of Fresnillo from a buy rating to a hold rating in a research note on Friday, August 2nd. ValuEngine raised shares of Fresnillo from a sell rating to a hold rating in a research note on Monday, June 3rd. UBS Group downgraded shares of Fresnillo from a buy rating to a neutral rating in a research note on Friday, July 19th. Royal Bank of Canada downgraded shares of Fresnillo from a top pick rating to a sector perform rating in a research note on Wednesday, July 31st. Finally, Macquarie raised shares of Fresnillo from an underperform rating to an outperform rating and set a $9.00 target price on the stock in a research note on Friday, September 13th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $9.00.

Shares of FNLPF opened at $9.18 on Tuesday. The firm has a market cap of $6.76 billion, a price-to-earnings ratio of 19.96 and a beta of 0.11. Fresnillo has a fifty-two week low of $7.01 and a fifty-two week high of $13.76. The firm has a 50 day moving average price of $8.54 and a 200-day moving average price of $9.91.

About Fresnillo

Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. It primarily explores for silver, gold, lead, and zinc concentrates. The company's operating mines include the Fresnillo, Saucito, Ciénega, Herradura, Noche Buena, and San Julián; development projects comprise the Pyrites Plant, and second line of the DLP at Herradura; and advanced exploration projects consist of the Orisyvo, Juanicipio, Las Casas Rosario and Cluster Cebollitas, and Centauro Deep, as well as various other long term exploration prospects.

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