Fresnillo (OTCMKTS:FNLPF) Sees Large Volume Increase - Here's Why

Key Points

• Fresnillo PLC experienced a significant increase in trading volume, rising to 22,540 shares, which marks an 83% increase from the previous day's volume.
• Current analyst ratings for Fresnillo include two "Strong Buy," one "Buy," five "Hold," and one "Sell," leading to an average rating of "Hold."
• The company's recent stock price was $27.65, down from a previous close of $32.20, while it maintains a debt-to-equity ratio of 0.20 and a current ratio of 5.09.

Shares of Fresnillo PLC (OTCMKTS:FNLPF - Get Free Report) saw an uptick in trading volume on Tuesday . 22,540 shares traded hands during mid-day trading, an increase of 83% from the previous session's volume of 12,297 shares.The stock last traded at $27.65 and had previously closed at $32.20.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Morgan Stanley reiterated an "underweight" rating on shares of Fresnillo in a research note on Wednesday, October 8th. UBS Group lowered shares of Fresnillo from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 3rd. HSBC raised shares of Fresnillo to a "hold" rating in a report on Monday, October 13th. Zacks Research raised shares of Fresnillo from a "hold" rating to a "strong-buy" rating in a report on Friday, September 19th. Finally, Royal Bank Of Canada reissued a "sector perform" rating on shares of Fresnillo in a report on Monday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Fresnillo presently has an average rating of "Hold".

Fresnillo Price Performance

The firm's fifty day moving average is $28.71 and its two-hundred day moving average is $21.02. The company has a debt-to-equity ratio of 0.20, a current ratio of 5.09 and a quick ratio of 4.34.

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.

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