Fresnillo (OTCMKTS:FNLPF) Upgraded to “Hold” at Zacks Investment Research

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

Several other equities research analysts have also issued reports on the company. HSBC lowered Fresnillo from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Royal Bank of Canada lowered Fresnillo from a “top pick” rating to a “sector perform” rating in a research report on Wednesday, July 31st. Macquarie raised Fresnillo from an “underperform” rating to an “outperform” rating and set a $9.00 target price for the company in a research report on Friday. ValuEngine raised Fresnillo from a “sell” rating to a “hold” rating in a research report on Monday, June 3rd. Finally, UBS Group lowered Fresnillo from a “buy” rating to a “neutral” rating in a research report on Friday, July 19th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $9.00.

Shares of Fresnillo stock traded up $0.23 during trading hours on Tuesday, hitting $9.23. 6,788 shares of the company’s stock traded hands, compared to its average volume of 10,185. Fresnillo has a 12-month low of $7.01 and a 12-month high of $13.76. The stock has a market capitalization of $6.73 billion, a price-to-earnings ratio of 20.05 and a beta of 0.10. The company has a fifty day simple moving average of $8.50 and a 200-day simple moving average of $9.94.

Fresnillo Company Profile

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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