Fresnillo (OTCMKTS:FNLPF) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a research report issued on Tuesday, Zacks.com reports. The brokerage presently has a $14.00 price target on the basic materials company’s stock. Zacks Investment Research’s price target points to a potential upside of 16.42% from the stock’s previous close.
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 analysts have also recently issued research reports about the company. JPMorgan Chase & Co. restated a “neutral” rating on shares of Fresnillo in a report on Thursday, October 28th. Royal Bank of Canada restated an “outperform” rating on shares of Fresnillo in a report on Tuesday, November 30th. UBS Group upgraded Fresnillo from a “sell” rating to a “neutral” rating in a report on Monday, October 18th. Scotiabank restated a “sector perform” rating on shares of Fresnillo in a report on Wednesday, October 13th. Finally, Barclays reaffirmed an “equal weight” rating on shares of Fresnillo in a research note on Tuesday, September 7th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $14.00.
OTCMKTS:FNLPF traded down $0.06 during trading hours on Tuesday, reaching $12.03. The company had a trading volume of 2,998 shares, compared to its average volume of 14,381. The stock has a 50-day moving average of $12.16 and a two-hundred day moving average of $11.56. Fresnillo has a one year low of $10.20 and a one year high of $17.32. The company has a debt-to-equity ratio of 0.31, a quick ratio of 4.11 and a current ratio of 4.98.
About Fresnillo
Fresnillo Plc is a holding company, which engages in the production of gold and silver. It operates through the following segments: Fresnillo, Saucito, Cienega, Herradura, Soledad-Dipolos, Noche Buena, and San Julia. The Fresnillo, and Saucito segments are located in the state of Zacatecas, an underground silver mine.