Fresnillo (OTCMKTS:FNLPF) Raised to “Buy” at HSBC

HSBC upgraded shares of Fresnillo (OTCMKTS:FNLPF) from a hold rating to a buy rating in a research report report published on Wednesday, November 15th, Marketbeat.com reports.

Fresnillo (FNLPF) traded down $0.60 during trading hours on Wednesday, hitting $16.90. The stock had a trading volume of 2,500 shares, compared to its average volume of 800. The company has a current ratio of 11.89, a quick ratio of 10.48 and a debt-to-equity ratio of 0.28. Fresnillo has a 1-year low of $13.18 and a 1-year high of $22.27.

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About Fresnillo

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

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