Fresnillo (OTCMKTS:FNLPF) Reaches New 1-Year High - Should You Buy?

Key Points

• Fresnillo PLC shares reached a new 52-week high of $25.12 during recent trading, following a previous close of $24.27.
• Wall Street analysts have mixed opinions on the stock, with UBS Group downgrading it to a "hold" and Peel Hunt also changing their rating to "hold," while one analyst still maintains a "Strong Buy" rating.
• The company's financial health is solid, indicated by a quick ratio of 5.51 and a current ratio of 6.63, reflecting strong liquidity.

Shares of Fresnillo PLC (OTCMKTS:FNLPF - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $25.12 and last traded at $25.12, with a volume of 6743 shares trading hands. The stock had previously closed at $24.27.

Analyst Ratings Changes

Several brokerages have recently commented on FNLPF. UBS Group downgraded Fresnillo from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 3rd. Peel Hunt downgraded Fresnillo from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Fresnillo in a report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".

Fresnillo Stock Performance

The firm has a 50-day moving average of $21.63 and a 200 day moving average of $16.51. The company has a debt-to-equity ratio of 0.20, a quick ratio of 5.51 and a current ratio of 6.63.

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.