Fresnillo (OTCMKTS:FNLPF) Reaches New 12-Month High - Here's What Happened

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) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $23.70 and last traded at $23.70, with a volume of 5024 shares trading hands. The stock had previously closed at $23.40.

Wall Street Analysts Forecast Growth

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

Fresnillo Trading Down 1.2%

The company's fifty day simple moving average is $20.11 and its two-hundred day simple moving average is $15.05. The company has a quick ratio of 5.51, a current ratio of 6.63 and a debt-to-equity ratio of 0.20.

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.