Fresnillo (OTCMKTS:FNLPF) Stock Price Up 9.3% - Here's Why

Key Points

• Fresnillo PLC's stock price surged 9.3% during mid-day trading, reaching a high of $34.92 before closing at $34.35.
• Analyst ratings for Fresnillo are mixed, with a consensus rating of "Moderate Buy", reflecting two Strong Buy, one Buy, four Hold, and one Sell ratings from various research firms.
• The company primarily explores for silver, gold, lead, and zinc in Mexico and operates multiple mining segments, significantly contributing to its market presence.

Shares of Fresnillo PLC (OTCMKTS:FNLPF - Get Free Report) rose 9.3% during mid-day trading on Monday . The company traded as high as $34.92 and last traded at $34.35. Approximately 18,693 shares traded hands during mid-day trading, an increase of 3% from the average daily volume of 18,113 shares. The stock had previously closed at $31.42.

Analyst Upgrades and Downgrades

FNLPF has been the topic of a number of recent analyst reports. Zacks Research upgraded Fresnillo from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 19th. UBS Group downgraded Fresnillo from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 3rd. Royal Bank Of Canada restated a "sector perform" rating on shares of Fresnillo in a research report on Monday, August 11th. Morgan Stanley restated an "underweight" rating on shares of Fresnillo in a research report on Wednesday, October 8th. Finally, Citigroup restated a "buy" rating on shares of Fresnillo in a research report on Friday, September 26th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Fresnillo currently has a consensus rating of "Moderate Buy".

Fresnillo Trading Up 9.3%

The stock has a 50-day simple moving average of $27.53 and a two-hundred day simple moving average of $20.24. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.34 and a current ratio of 5.09.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.