Fresnillo (OTCMKTS:FNLPF) Reaches New 52-Week High - Still a Buy?

Key Points

• Fresnillo PLC shares reached a new 52-week high of $34.47, reflecting a significant increase from a previous close of $31.42.
• Analysts' ratings vary widely, with two giving a Strong Buy, four a Hold, and one a Sell, resulting in an average rating of Moderate Buy.
• The company operates multiple mining segments primarily focused on extracting silver, gold, lead, and zinc in Mexico.

Fresnillo PLC (OTCMKTS:FNLPF - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $34.47 and last traded at $34.47, with a volume of 5562 shares changing hands. The stock had previously closed at $31.42.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on FNLPF shares. Morgan Stanley reiterated an "underweight" rating on shares of Fresnillo in a research note on Wednesday. Peel Hunt lowered Fresnillo from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Zacks Research upgraded Fresnillo from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 19th. UBS Group lowered Fresnillo from a "strong-buy" rating to a "hold" rating in a research note 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. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Fresnillo has an average rating of "Moderate Buy".

Fresnillo Stock Performance

The stock has a 50-day moving average of $27.23 and a 200 day moving average of $20.09. The company has a current ratio of 5.09, a quick ratio of 4.34 and a debt-to-equity ratio of 0.20.

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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