Free Trial

Fresnillo (OTCMKTS:FNLPF) Hits New 12-Month High - Should You Buy?

Fresnillo logo with Basic Materials background

Key Points

  • Fresnillo PLC's stock reached a new 52-week high of $31.68, reflecting an increase of 4.2% from its previous close at $29.65.
  • Analyst ratings have shifted, with Peel Hunt and UBS Group downgrading their recommendations to "hold"; currently, the consensus rating is a "Moderate Buy."
  • The company's strong financials include a debt-to-equity ratio of 0.20 and a current ratio of 6.63, indicating solid balance sheet health.
  • Five stocks to consider instead of Fresnillo.

Fresnillo PLC (OTCMKTS:FNLPF - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The company traded as high as $31.68 and last traded at $31.24, with a volume of 3292 shares traded. The stock had previously closed at $29.65.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FNLPF. Peel Hunt downgraded shares of Fresnillo from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, August 19th. UBS Group downgraded shares of Fresnillo from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 3rd. Finally, Royal Bank Of Canada reiterated a "sector perform" rating on shares of Fresnillo in a research note on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

View Our Latest Analysis on Fresnillo

Fresnillo Stock Up 4.2%

The firm has a fifty day moving average of $22.77 and a 200 day moving average of $17.45. 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

(Get Free Report)

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.

Featured Articles

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Fresnillo Right Now?

Before you consider Fresnillo, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fresnillo wasn't on the list.

While Fresnillo currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Buy And Hold Forever Cover

Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.

Get This Free Report
Like this article? Share it with a colleague.