Fresnillo (FNLPF) Upgraded to Neutral at Goldman Sachs Group
Fresnillo (OTCMKTS:FNLPF) was upgraded by Goldman Sachs Group from a “sell” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, The Fly reports.
Several other brokerages have also issued reports on FNLPF. Citigroup upgraded shares of Fresnillo from a “sell” rating to a “neutral” rating in a research note on Tuesday. HSBC upgraded shares of Fresnillo from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th.
Shares of Fresnillo (OTCMKTS FNLPF) traded up $0.71 during midday trading on Thursday, reaching $17.61. 2,430 shares of the company’s stock traded hands, compared to its average volume of 776. The company has a debt-to-equity ratio of 0.28, a current ratio of 11.89 and a quick ratio of 10.48. Fresnillo has a 1-year low of $13.18 and a 1-year high of $22.27.
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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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