Fresnillo (OTCMKTS:FNLPF) Sets New 12-Month High – What’s Next?

Fresnillo PLC (OTCMKTS:FNLPF) shares reached a new 52-week high on Friday . The company traded as high as $36.36 and last traded at $34.32, with a volume of 4150 shares trading hands. The stock had previously closed at $32.5995.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FNLPF. Hsbc Global Res upgraded shares of Fresnillo from a “moderate sell” rating to a “hold” rating in a research note on Monday, October 13th. Citigroup reaffirmed a “buy” rating on shares of Fresnillo in a report on Monday. Morgan Stanley reissued an “underweight” rating on shares of Fresnillo in a research note on Wednesday, October 8th. Royal Bank Of Canada restated a “sector perform” rating on shares of Fresnillo in a report on Monday, August 11th. Finally, Peel Hunt lowered shares of Fresnillo from a “moderate buy” rating to a “hold” rating in a report on Tuesday, August 19th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Fresnillo Stock Performance

The stock has a 50-day moving average price of $31.06 and a two-hundred day moving average price of $24.28. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.34 and a current ratio of 5.09.

About Fresnillo

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.