Fresnillo (FNLPF) Downgraded to Strong Sell at Zacks Investment Research

Fresnillo (OTCMKTS:FNLPF) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday, January 30th.

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 equities research analysts also recently issued reports about the company. Goldman Sachs Group upgraded Fresnillo from a “sell” rating to a “neutral” rating in a research report on Thursday, December 7th. HSBC upgraded Fresnillo from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. Finally, Citigroup upgraded Fresnillo from a “sell” rating to a “neutral” rating in a research report on Tuesday, December 5th.

Shares of Fresnillo (OTCMKTS FNLPF) traded up $0.75 during trading on Tuesday, reaching $18.74. The company had a trading volume of 1,100 shares, compared to its average volume of 2,174. Fresnillo has a 52 week low of $16.45 and a 52 week high of $22.27. The company has a debt-to-equity ratio of 0.28, a current ratio of 11.89 and a quick ratio of 10.48.

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Fresnillo Company Profile

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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