Fresnillo (OTCMKTS:FNLPF) Upgraded at Zacks Investment Research
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. “
Several other analysts have also recently issued reports on FNLPF. ValuEngine cut Fresnillo from a “buy” rating to a “hold” rating in a research note on Monday, March 9th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Fresnillo in a research report on Thursday, April 30th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Fresnillo in a report on Tuesday, June 23rd. Panmure Gordon lowered shares of Fresnillo from a “hold” rating to a “sell” rating in a research note on Thursday, April 2nd. Finally, Barclays restated a “hold” rating on shares of Fresnillo in a research report on Thursday, April 16th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $9.50.
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.
Recommended Story: Current Ratio
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Fresnillo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fresnillo and related companies with MarketBeat.com's FREE daily email newsletter.