Fresnillo (OTCMKTS:FNLPF) Stock Price Up 13.8% – Still a Buy?

Fresnillo PLC (OTCMKTS:FNLPF)’s share price rose 13.8% during trading on Monday . The company traded as high as $45.85 and last traded at $43.90. Approximately 594 shares changed hands during trading, a decline of 96% from the average daily volume of 14,754 shares. The stock had previously closed at $38.56.

Analyst Upgrades and Downgrades

FNLPF has been the subject of a number of research analyst reports. Zacks Research upgraded Fresnillo from a “hold” rating to a “strong-buy” rating in a report on Thursday. Citigroup restated a “buy” rating on shares of Fresnillo in a report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, one has issued 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 company currently has a consensus rating of “Hold”.

Fresnillo Stock Up 7.7%

The stock has a fifty day moving average of $45.43 and a 200-day moving average of $46.35. The company has a quick ratio of 3.88, a current ratio of 4.35 and a debt-to-equity ratio of 0.17.

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.