Fresnillo (OTCMKTS:FNLPF) Reaches New 52-Week High - Here's Why

Key Points

• Fresnillo PLC's stock reached a new 52-week high of $23.70, rising from a previous close of $23.40 with a trading volume of 5024 shares.
• Analysts have mixed views on Fresnillo, with the Royal Bank of Canada maintaining a "sector perform" rating, while UBS Group downgraded its rating from "strong-buy" to "hold."
• The company specializes in mining and producing non-ferrous minerals such as silver, gold, lead, and zinc across various projects in Mexico, including the Fresnillo and Herradura mines.

Fresnillo PLC (OTCMKTS:FNLPF - Get Free Report) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $23.70 and last traded at $23.70, with a volume of 5024 shares changing hands. The stock had previously closed at $23.40.

Analysts Set New Price Targets

A number of research firms have recently commented on FNLPF. UBS Group lowered shares of Fresnillo from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 3rd. Royal Bank Of Canada restated a "sector perform" rating on shares of Fresnillo in a research report on Monday, August 11th.

Fresnillo Stock Down 1.2%

The firm's 50 day simple moving average is $20.11 and its two-hundred day simple moving average is $15.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.63 and a quick ratio of 5.51.

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.