Fresnillo (OTCMKTS:FNLPF) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• Fresnillo PLC experienced a significant increase in trading volume, with approximately 38,427 shares changing hands, marking a 225% rise from the previous session.
• Analysts have varied opinions on Fresnillo's stock, with ratings ranging from "Strong Buy" to "Sell", resulting in an average rating of "Moderate Buy."
• Currently, Fresnillo shares are trading down by 0.8%, with a last price of $31.99 and critical financial ratios indicating strong liquidity, including a quick ratio of 4.34.

Fresnillo PLC (OTCMKTS:FNLPF - Get Free Report) shares saw unusually-strong trading volume on Friday . Approximately 38,427 shares changed hands during mid-day trading, an increase of 225% from the previous session's volume of 11,835 shares.The stock last traded at $31.99 and had previously closed at $32.00.

Analysts Set New Price Targets

A number of equities analysts have weighed in on FNLPF shares. Morgan Stanley reissued an "underweight" rating on shares of Fresnillo in a research note on Wednesday. Citigroup reissued a "buy" rating on shares of Fresnillo in a research note on Friday, September 26th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Fresnillo in a research note on Monday, August 11th. UBS Group lowered Fresnillo from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 3rd. Finally, Peel Hunt lowered Fresnillo from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy".

Fresnillo Trading Down 0.8%

The company has a quick ratio of 4.34, a current ratio of 5.09 and a debt-to-equity ratio of 0.20. The company has a fifty day moving average of $26.97 and a 200-day moving average of $19.84.

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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