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

Fresnillo PLC (OTCMKTS:FNLPF) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $39.95 and last traded at $39.51, with a volume of 7888 shares traded. The stock had previously closed at $38.85.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on FNLPF shares. Citigroup reiterated a “buy” rating on shares of Fresnillo in a research note on Monday, November 24th. HSBC upgraded shares of Fresnillo to a “hold” rating in a research report on Monday, October 13th. Zacks Research upgraded shares of Fresnillo from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. Scotiabank cut Fresnillo from a “hold” rating to a “strong sell” rating in a report on Thursday, October 23rd. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Fresnillo in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Fresnillo presently has a consensus rating of “Hold”.

Fresnillo Trading Up 0.4%

The company has a current ratio of 5.09, a quick ratio of 4.34 and a debt-to-equity ratio of 0.20. The business has a 50-day moving average price of $32.12 and a 200-day moving average price of $25.87.

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.