Fresnillo (OTCMKTS:FNLPF) Trading Up 7.8% – Still a Buy?

Fresnillo PLC (OTCMKTS:FNLPF)’s stock price traded up 7.8% during trading on Wednesday . The stock traded as high as $58.00 and last traded at $57.5550. 4,642 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 28,161 shares. The stock had previously closed at $53.40.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FNLPF. Zacks Research raised shares of Fresnillo from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 22nd. Berenberg Bank cut Fresnillo from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 5th. Citigroup reaffirmed a “buy” rating on shares of Fresnillo in a research note on Wednesday, January 14th. Finally, Morgan Stanley reissued an “underweight” rating on shares of Fresnillo in a research note on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold”.

Fresnillo Stock Performance

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 firm’s 50-day moving average is $49.82 and its 200 day moving average is $37.18.

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.