Fresnillo (OTCMKTS:FNLPF) Hits New 1-Year High – Time to Buy?

Fresnillo PLC (OTCMKTS:FNLPF) shares hit a new 52-week high on Tuesday . The stock traded as high as $50.89 and last traded at $50.03, with a volume of 14162 shares. The stock had previously closed at $50.20.

Analysts Set New Price Targets

Several equities analysts have commented on FNLPF shares. Zacks Research cut shares of Fresnillo from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 23rd. Hsbc Global Res upgraded Fresnillo from a “moderate sell” rating to a “hold” rating in a report on Monday, October 13th. Morgan Stanley reissued an “underweight” rating on shares of Fresnillo in a research note on Monday. Citigroup reaffirmed a “buy” rating on shares of Fresnillo in a research report on Monday, November 24th. Finally, HSBC raised Fresnillo to a “hold” rating in a research report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold”.

Fresnillo Price Performance

The firm has a 50 day moving average of $37.98 and a two-hundred day moving average of $30.03. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.34 and a current ratio of 5.09.

Fresnillo Company Profile

Fresnillo plc is a precious metals mining company focused on the production, exploration and development of silver and gold. The company is widely recognized as a leading primary silver producer and a significant gold producer, operating in the mining sector with activities that span underground and open-pit mining, mineral processing and concentrator operations. Fresnillo’s business centers on bringing mined ore through processing to produce saleable precious metal products for industrial and investment markets.

Operationally, the company manages a portfolio of producing mines and development projects, with exploration programs intended to extend mine life and expand resource bases.