Fresnillo (OTCMKTS:FNLPF) Reaches New 12-Month High – Here’s What Happened

Fresnillo PLC (OTCMKTS:FNLPF) hit a new 52-week high on Monday . The stock traded as high as $61.00 and last traded at $60.1435, with a volume of 65868 shares traded. The stock had previously closed at $56.84.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Morgan Stanley reiterated an “underweight” rating on shares of Fresnillo in a report on Monday, January 12th. Zacks Research upgraded shares of Fresnillo from a “hold” rating to a “strong-buy” rating in a research note on Thursday. HSBC raised shares of Fresnillo to a “hold” rating in a research report on Monday, October 13th. Citigroup reaffirmed a “buy” rating on shares of Fresnillo in a report on Wednesday, January 14th. Finally, Scotiabank downgraded shares of Fresnillo from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 23rd. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Fresnillo has a consensus rating of “Hold”.

Fresnillo Trading Up 7.3%

The firm has a fifty day simple moving average of $42.05 and a 200-day simple moving average of $32.09. The company has a current ratio of 5.09, a quick ratio of 4.34 and a debt-to-equity ratio of 0.20.

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.