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

Fresnillo logo with Basic Materials background

Key Points

  • Fresnillo PLC's stock reached a new 52-week high of $29.85, reflecting a significant increase from its previous close of $28.26.
  • Analysts have shown mixed sentiment, with Peel Hunt and UBS downgrading the stock to a hold rating, while one analyst maintains a Strong Buy rating.
  • The company operates multiple mining segments in Mexico, primarily focusing on the extraction of silver, gold, lead, and zinc concentrates.
  • Interested in Fresnillo? Here are five stocks we like better.

Fresnillo PLC (OTCMKTS:FNLPF - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $29.85 and last traded at $29.65, with a volume of 1530 shares changing hands. The stock had previously closed at $28.26.

Analyst Ratings Changes

Several brokerages recently issued reports on FNLPF. UBS Group downgraded shares of Fresnillo from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 3rd. Peel Hunt downgraded shares of Fresnillo from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, August 19th. 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".

Get Our Latest Stock Analysis on FNLPF

Fresnillo Trading Down 2.2%

The company's fifty day moving average price is $22.58 and its 200 day moving average price is $17.20. The company has a current ratio of 6.63, a quick ratio of 5.51 and a debt-to-equity ratio of 0.20.

Fresnillo Company Profile

(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.

See Also

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