Fresnillo (OTCMKTS:FNLPF) Trading 9.7% Higher – Here’s Why

Fresnillo PLC (OTCMKTS:FNLPF)’s stock price traded up 9.7% on Monday . The stock traded as high as $44.09 and last traded at $43.15. 17,781 shares changed hands during mid-day trading, a decline of 25% from the average session volume of 23,567 shares. The stock had previously closed at $39.34.

Analyst Upgrades and Downgrades

Several brokerages have commented on FNLPF. Berenberg Bank lowered shares of Fresnillo from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 5th. Morgan Stanley reissued an “underweight” rating on shares of Fresnillo in a research note on Monday, January 12th. Zacks Research upgraded shares of Fresnillo from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 22nd. Finally, Citigroup reaffirmed a “buy” rating on shares of Fresnillo in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Fresnillo Trading Up 2.7%

The stock’s 50-day moving average price is $51.10 and its two-hundred day moving average price is $40.62. The company has a debt-to-equity ratio of 0.20, a current ratio of 5.09 and a quick ratio of 4.34.

About Fresnillo

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.