Fresnillo (OTCMKTS:FNLPF) Trading Up 9.1% – Here’s Why

Fresnillo PLC (OTCMKTS:FNLPF)’s share price was up 9.1% during trading on Monday . The stock traded as high as $31.22 and last traded at $31.00. Approximately 3,604 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 12,460 shares. The stock had previously closed at $28.4090.

Analyst Ratings Changes

A number of analysts have commented on the company. Citigroup reiterated a “buy” rating on shares of Fresnillo in a research report on Friday, September 26th. Hsbc Global Res upgraded Fresnillo from a “moderate sell” rating to a “hold” rating in a research note on Monday, October 13th. Morgan Stanley reiterated an “underweight” rating on shares of Fresnillo in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Fresnillo from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Fresnillo in a research note on Monday, August 11th. Two equities research 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, Fresnillo currently has an average rating of “Hold”.

Fresnillo Stock Up 7.6%

The stock’s 50 day simple moving average is $30.25 and its two-hundred day simple moving average is $22.66. The company has a debt-to-equity ratio of 0.20, a current ratio of 5.09 and a quick ratio of 4.34.

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.