Fresnillo (OTCMKTS:FNLPF) Reaches New 52-Week High – What’s Next?

Fresnillo PLC (OTCMKTS:FNLPF) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $41.00 and last traded at $39.9470, with a volume of 30837 shares. The stock had previously closed at $39.43.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Scotiabank downgraded Fresnillo from a “hold” rating to a “strong sell” rating in a report on Thursday, October 23rd. Citigroup reissued a “buy” rating on shares of Fresnillo in a research note on Monday, November 24th. Morgan Stanley reaffirmed an “underweight” rating on shares of Fresnillo in a research note on Tuesday. Hsbc Global Res raised shares of Fresnillo from a “moderate sell” rating to a “hold” rating in a research report on Monday, October 13th. Finally, Zacks Research upgraded shares of Fresnillo from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Fresnillo has a consensus rating of “Hold”.

Fresnillo Price Performance

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 stock has a 50 day moving average price of $32.74 and a 200 day moving average price of $26.61.

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.