Fresnillo (OTCMKTS:FNLPF) Hits New 12-Month High – Should You Buy?

Fresnillo PLC (OTCMKTS:FNLPF) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $46.00 and last traded at $45.97, with a volume of 20695 shares trading hands. The stock had previously closed at $43.17.

Analyst Upgrades and Downgrades

Several analysts have commented on FNLPF shares. Hsbc Global Res upgraded shares of Fresnillo from a “moderate sell” rating to a “hold” rating in a report on Monday, October 13th. HSBC raised Fresnillo to a “hold” rating in a research report on Monday, October 13th. Morgan Stanley restated an “underweight” rating on shares of Fresnillo in a research note on Tuesday, December 16th. Zacks Research cut Fresnillo from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 23rd. Finally, Citigroup reiterated a “buy” rating on shares of Fresnillo in a report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Fresnillo currently has a consensus rating of “Hold”.

Fresnillo Trading Down 2.7%

The company has a debt-to-equity ratio of 0.20, a current ratio of 5.09 and a quick ratio of 4.34. The business has a 50-day moving average price of $35.36 and a 200 day moving average price of $28.52.

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.