Fresnillo plc (OTCMKTS:FNLPF – Get Free Report) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 171,700 shares, a decrease of 22.3% from the February 28th total of 221,000 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 37,100 shares, the short-interest ratio is currently 4.6 days.
Fresnillo Stock Down 0.2 %
Shares of FNLPF stock traded down $0.02 during trading on Wednesday, reaching $12.10. The company had a trading volume of 4,088 shares, compared to its average volume of 12,257. The company has a quick ratio of 4.20, a current ratio of 5.88 and a debt-to-equity ratio of 0.20. The firm’s 50 day simple moving average is $10.26 and its two-hundred day simple moving average is $9.10. Fresnillo has a one year low of $6.35 and a one year high of $12.50.
Wall Street Analysts Forecast Growth
FNLPF has been the subject of a number of analyst reports. Royal Bank of Canada cut shares of Fresnillo from a “moderate buy” rating to a “hold” rating in a research note on Thursday, March 13th. Berenberg Bank upgraded shares of Fresnillo from a “hold” rating to a “strong-buy” rating in a report on Friday, March 7th.
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.
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