Zacks Research Downgrades Fresnillo (OTCMKTS:FNLPF) to Strong Sell

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

Several other equities research analysts also recently commented on FNLPF. Scotiabank raised Fresnillo from a “strong sell” rating to a “hold” rating in a report on Thursday, July 16th. Citigroup restated a “buy” rating on shares of Fresnillo in a report on Monday, April 13th. Finally, Jefferies Financial Group started coverage on shares of Fresnillo in a research note on Monday, August 3rd. They set a “hold” rating for the company. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Fresnillo currently has a consensus rating of “Reduce”.

Fresnillo Price Performance

FNLPF opened at $40.11 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.35 and a quick ratio of 3.88. The business has a fifty day simple moving average of $37.37 and a 200-day simple moving average of $44.52. Fresnillo has a fifty-two week low of $22.04 and a fifty-two week high of $61.00.

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.