Fresnillo (OTCMKTS:FNLPF) Stock Price Up 6.3% – Here’s What Happened

Fresnillo PLC (OTCMKTS:FNLPF) rose 6.3% on Wednesday . The stock traded as high as $32.41 and last traded at $32.11. Approximately 4,493 shares changed hands during trading, a decline of 63% from the average daily volume of 12,296 shares. The stock had previously closed at $30.1952.

Analyst Ratings Changes

A number of equities analysts have issued reports on FNLPF shares. Morgan Stanley reiterated an “underweight” rating on shares of Fresnillo in a report on Wednesday, October 8th. Hsbc Global Res upgraded shares of Fresnillo from a “moderate sell” rating to a “hold” rating in a research note on Monday, October 13th. HSBC raised shares of Fresnillo to a “hold” rating in a research report on Monday, October 13th. Peel Hunt cut shares of Fresnillo from a “moderate buy” rating to a “hold” rating in a report on Tuesday, August 19th. Finally, Citigroup reaffirmed a “buy” rating on shares of Fresnillo in a research note on Friday, September 26th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Fresnillo Stock Up 4.2%

The company has a debt-to-equity ratio of 0.20, a current ratio of 5.09 and a quick ratio of 4.34. The business’s fifty day moving average is $30.73 and its two-hundred day moving average is $23.53.

Fresnillo Company Profile

Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. It operates through seven segments: Fresnillo, Saucito, Ciénega, Herradura, Noche Buena, San Julián, and Juanicipio. The company primarily explores for silver, gold, lead, and zinc concentrates. Its projects include the Fresnillo silver mine located in the state of Zacatecas; Saucito silver mine situated in the state of Zacatecas; Ciénega gold mine located in the state of Durango; Herradura gold mine situated in the state of Sonora; Noche Buena gold mine located in the state of Sonora; San Julián silver-gold mine situated on the border of Chihuahua/Durango states; and Juanicipio mine located in the state of Zacatecas.