Fresnillo (OTCMKTS:FNLPF) Stock Price Up 13.8% – Still a Buy?

Fresnillo PLC (OTCMKTS:FNLPF)’s stock price traded up 13.8% during mid-day trading on Monday . The company traded as high as $45.85 and last traded at $43.90. 594 shares were traded during mid-day trading, a decline of 96% from the average session volume of 14,754 shares. The stock had previously closed at $38.56.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FNLPF. Citigroup reaffirmed a “buy” rating on shares of Fresnillo in a report on Monday, April 13th. Zacks Research raised Fresnillo from a “hold” rating to a “strong-buy” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold”.

Fresnillo Price Performance

The company has a quick ratio of 3.88, a current ratio of 4.35 and a debt-to-equity ratio of 0.17. The business’s 50-day moving average is $45.43 and its two-hundred day moving average is $46.35.

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.