Fresnillo (OTCMKTS:FNLPF) Stock Price Up 6.3% – Here’s What Happened

Fresnillo PLC (OTCMKTS:FNLPF)’s stock price shot up 6.3% on Wednesday . The company traded as high as $32.41 and last traded at $32.11. 4,493 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 12,296 shares. The stock had previously closed at $30.1952.

Analyst Ratings Changes

FNLPF has been the topic of a number of recent analyst reports. HSBC raised shares of Fresnillo to a “hold” rating in a report on Monday, October 13th. Zacks Research upgraded shares of Fresnillo from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. Morgan Stanley reaffirmed an “underweight” rating on shares of Fresnillo in a research report on Wednesday, October 8th. Citigroup reiterated a “buy” rating on shares of Fresnillo in a research note on Friday, September 26th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Fresnillo in a report on Monday, August 11th. Two equities 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 stock. Based on data from MarketBeat, Fresnillo has an average rating of “Hold”.

Fresnillo Price Performance

The business has a 50-day simple moving average of $30.73 and a 200 day simple moving average of $23.53. 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 mines, develops, and produces non-ferrous minerals in Mexico. It operates through seven segments: Fresnillo, Saucito, Ciénega, Herradura, Noche Buena, San Julián, and Juanicipio. The company primarily explores for silver, gold, lead, and zinc concentrates. Its projects include the Fresnillo silver mine located in the state of Zacatecas; Saucito silver mine situated in the state of Zacatecas; Ciénega gold mine located in the state of Durango; Herradura gold mine situated in the state of Sonora; Noche Buena gold mine located in the state of Sonora; San Julián silver-gold mine situated on the border of Chihuahua/Durango states; and Juanicipio mine located in the state of Zacatecas.