Fresnillo (OTCMKTS:FNLPF) Sets New 12-Month High - What's Next?

Key Points

• Fresnillo PLC shares reached a new 52-week high of $32.00 during trading, closing at $31.89 with a volume of 3,178 shares traded.
• Several research firms have downgraded the stock, with Peel Hunt and UBS Group both issuing "hold" ratings, while the consensus rating remains a "Moderate Buy."
• The company is involved in mining and producing non-ferrous minerals in Mexico, focusing on silver, gold, lead, and zinc concentrates across multiple operational sites.

Shares of Fresnillo PLC (OTCMKTS:FNLPF - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $32.00 and last traded at $31.89, with a volume of 3178 shares traded. The stock had previously closed at $30.17.

Analyst Ratings Changes

A number of research firms have commented on FNLPF. Peel Hunt downgraded shares of Fresnillo from a "moderate buy" rating to a "hold" rating in a report on Tuesday, August 19th. UBS Group downgraded shares of Fresnillo from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 3rd. Finally, Royal Bank Of Canada reiterated a "sector perform" rating on shares of Fresnillo in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Fresnillo presently has a consensus rating of "Moderate Buy".

Fresnillo Trading Up 6.6%

The company has a quick ratio of 5.51, a current ratio of 6.63 and a debt-to-equity ratio of 0.20. The business's 50 day simple moving average is $23.56 and its 200 day simple moving average is $18.00.

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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