Fresnillo (OTCMKTS:FNLPF) Trading 9.7% Higher - Here's Why

Key Points

• Fresnillo shares jumped 9.7% intraday, trading as high as $44.09 and last at $43.15, on volume of 17,781 shares (about 25% below the average session volume).
• Analyst sentiment is mixed with a MarketBeat consensus of "Hold": 1 Strong Buy, 1 Buy, 5 Hold and 2 Sell ratings.
• The company shows strong liquidity and low leverage (current ratio 5.09, quick ratio 4.34, debt-to-equity 0.20), and its stock sits below the 50‑day SMA ($51.38) but above the 200‑day SMA ($40.41); Fresnillo is a leading primary silver and significant gold producer.

Fresnillo PLC (OTCMKTS:FNLPF - Get Free Report)'s share price traded up 9.7% during mid-day trading on Monday . The company traded as high as $44.09 and last traded at $43.15. 17,781 shares were traded during mid-day trading, a decline of 25% from the average session volume of 23,567 shares. The stock had previously closed at $39.34.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on FNLPF shares. Morgan Stanley reiterated an "underweight" rating on shares of Fresnillo in a research report on Monday, January 12th. Citigroup restated a "buy" rating on shares of Fresnillo in a research note on Wednesday, January 14th. Zacks Research raised shares of Fresnillo from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 22nd. Finally, Berenberg Bank lowered shares of Fresnillo from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Fresnillo presently has a consensus rating of "Hold".

Fresnillo Stock Up 9.3%

The stock has a fifty day simple moving average of $51.38 and a two-hundred day simple moving average of $40.41. The company has a current ratio of 5.09, a quick ratio of 4.34 and a debt-to-equity ratio of 0.20.

About Fresnillo

Fresnillo plc is a precious metals mining company focused on the production, exploration and development of silver and gold. The company is widely recognized as a leading primary silver producer and a significant gold producer, operating in the mining sector with activities that span underground and open-pit mining, mineral processing and concentrator operations. Fresnillo's business centers on bringing mined ore through processing to produce saleable precious metal products for industrial and investment markets.

Operationally, the company manages a portfolio of producing mines and development projects, with exploration programs intended to extend mine life and expand resource bases.

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