Fresnillo (OTCMKTS:FNLPF) Sets New 12-Month High – Here’s Why

Fresnillo PLC (OTCMKTS:FNLPF)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $54.00 and last traded at $53.85, with a volume of 10855 shares trading hands. The stock had previously closed at $50.60.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on FNLPF shares. Citigroup reissued a “buy” rating on shares of Fresnillo in a research note on Wednesday, January 14th. HSBC upgraded shares of Fresnillo to a “hold” rating in a research note on Monday, October 13th. Zacks Research downgraded shares of Fresnillo from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 23rd. Hsbc Global Res upgraded shares of Fresnillo from a “moderate sell” rating to a “hold” rating in a report on Monday, October 13th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Fresnillo in a research note on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Fresnillo has an average rating of “Hold”.

Fresnillo Price Performance

The firm’s 50-day moving average is $40.14 and its 200-day moving average is $31.11. The company has a debt-to-equity ratio of 0.20, a current ratio of 5.09 and a quick ratio of 4.34.

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.