Fresnillo (OTCMKTS:FNLPF) Sees Large Volume Increase – Time to Buy?

Fresnillo PLC (OTCMKTS:FNLPF) saw strong trading volume on Monday . 12,035 shares changed hands during mid-day trading, a decline of 3% from the previous session’s volume of 12,370 shares.The stock last traded at $43.4140 and had previously closed at $42.6580.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FNLPF. Scotiabank lowered Fresnillo from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 23rd. Zacks Research upgraded Fresnillo from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. Morgan Stanley reiterated an “underweight” rating on shares of Fresnillo in a report on Tuesday, December 16th. Citigroup restated a “buy” rating on shares of Fresnillo in a report on Monday, November 24th. Finally, HSBC raised shares of Fresnillo to a “hold” rating in a research note on Monday, October 13th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Fresnillo Stock Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.34 and a current ratio of 5.09. The firm’s 50 day moving average is $33.16 and its 200 day moving average is $27.03.

Fresnillo Company Profile

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.