Fresnillo (FNLPF) Stock Rating Lowered by Zacks Investment Research

Fresnillo (OTCMKTS:FNLPF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

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. “

A number of other research firms have also issued reports on FNLPF. UBS Group raised Fresnillo from a “neutral” rating to a “buy” rating in a report on Friday, January 25th. ValuEngine raised Fresnillo from a “sell” rating to a “hold” rating in a research note on Friday, December 7th. Finally, Morgan Stanley reissued an “underweight” rating on shares of Fresnillo in a research note on Friday, November 23rd.

OTCMKTS:FNLPF opened at $12.15 on Tuesday. The stock has a market cap of $9.14 billion, a P/E ratio of 18.69 and a beta of 0.33. Fresnillo has a 52-week low of $9.35 and a 52-week high of $19.24. The company has a current ratio of 10.24, a quick ratio of 8.72 and a debt-to-equity ratio of 0.26.

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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