Fresnillo (OTCMKTS:FNLPF) Stock Price Up 5.7% – Here’s Why

Fresnillo PLC (OTCMKTS:FNLPF)’s stock price rose 5.7% during mid-day trading on Tuesday . The company traded as high as $45.80 and last traded at $45.6225. Approximately 2,983 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 12,807 shares. The stock had previously closed at $43.17.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on FNLPF shares. Scotiabank cut Fresnillo from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 23rd. Citigroup reaffirmed a “buy” rating on shares of Fresnillo in a research report on Monday, November 24th. Zacks Research downgraded shares of Fresnillo from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 23rd. Morgan Stanley restated an “underweight” rating on shares of Fresnillo in a research note on Tuesday, December 16th. Finally, Hsbc Global Res upgraded Fresnillo from a “moderate sell” rating to a “hold” rating in a research note on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Fresnillo Price Performance

The company has a current ratio of 5.09, a quick ratio of 4.34 and a debt-to-equity ratio of 0.20. The business’s 50-day simple moving average is $34.36 and its two-hundred day simple moving average is $28.11.

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.