Fresnillo (OTCMKTS:FNLPF) Reaches New 52-Week High - What's Next?

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)'s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $21.00 and last traded at $21.00, with a volume of 555 shares traded. The stock had previously closed at $20.00.

Analysts Set New Price Targets

Separately, UBS Group downgraded Fresnillo from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 3rd.

Fresnillo Price Performance

The company's fifty day simple moving average is $19.53 and its 200 day simple moving average is $14.53. The company has a quick ratio of 5.51, a current ratio of 6.63 and a debt-to-equity ratio of 0.20.

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.