Fresnillo (OTCMKTS:FNLPF) Sets New 52-Week High – Here’s What Happened

Fresnillo PLC (OTCMKTS:FNLPF)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company 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 brokerages have weighed in on FNLPF. Morgan Stanley reaffirmed an “underweight” rating on shares of Fresnillo in a research report on Tuesday. Hsbc Global Res raised shares of Fresnillo from a “moderate sell” rating to a “hold” rating in a research note on Monday, October 13th. Citigroup reaffirmed a “buy” rating on shares of Fresnillo in a research report on Monday, November 24th. Scotiabank downgraded Fresnillo from a “hold” rating to a “strong sell” rating in a report on Thursday, October 23rd. Finally, Zacks Research raised Fresnillo from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Fresnillo has a consensus rating of “Hold”.

Fresnillo Stock Up 2.0%

The stock’s fifty day moving average is $33.16 and its two-hundred day moving average is $26.89. The company has a current ratio of 5.09, a quick ratio of 4.34 and a debt-to-equity ratio of 0.20.

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.