Fresnillo (OTCMKTS:FNLPF) Hits New 12-Month High - Time to Buy?

Key Points

• Fresnillo PLC shares reached a new 12-month high at $21.00, marking a significant increase from the previous closing price of $20.00.
• Brokerage ratings for Fresnillo have fluctuated, with UBS Group downgrading the stock to a "hold," while Peel Hunt upgraded it to a "moderate buy," resulting in an overall average rating of "Buy."
• The company's financial health is strong, indicated by a current ratio of 6.63 and a debt-to-equity ratio of 0.20, suggesting robust liquidity and low debt levels.

Fresnillo PLC (OTCMKTS:FNLPF - Get Free Report) shares hit a new 52-week high on Wednesday . The stock traded as high as $21.00 and last traded at $21.00, with a volume of 555 shares. The stock had previously closed at $20.00.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FNLPF. UBS Group cut shares of Fresnillo from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 3rd. Peel Hunt upgraded Fresnillo from a "hold" rating to a "moderate buy" rating in a report on Friday, April 11th. Two investment analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy".

Fresnillo Stock Up 7.1%

The company has a current ratio of 6.63, a quick ratio of 5.51 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average price of $19.11 and a 200-day moving average price of $14.19.

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.

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