Fresnillo (OTCMKTS:FNLPF) Reaches New 1-Year High – Here’s Why

Shares of Fresnillo PLC (OTCMKTS:FNLPF) hit a new 52-week high on Friday . The stock traded as high as $39.95 and last traded at $39.51, with a volume of 7888 shares trading hands. The stock had previously closed at $38.85.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Scotiabank lowered Fresnillo from a “hold” rating to a “strong sell” rating in a report on Thursday, October 23rd. Zacks Research upgraded shares of Fresnillo from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. Citigroup restated a “buy” rating on shares of Fresnillo in a research report on Monday, November 24th. HSBC raised shares of Fresnillo to a “hold” rating in a report on Monday, October 13th. Finally, Hsbc Global Res raised shares of Fresnillo from a “moderate sell” rating to a “hold” rating in a report on Monday, October 13th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Fresnillo Price Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.34 and a current ratio of 5.09. The business has a 50-day moving average of $32.12 and a 200 day moving average of $25.87.

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.