Fresnillo (OTCMKTS:FNLPF) Sets New 1-Year High – What’s Next?

Fresnillo PLC (OTCMKTS:FNLPF)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $46.00 and last traded at $45.97, with a volume of 20695 shares. The stock had previously closed at $43.17.

Analysts Set New Price Targets

FNLPF has been the topic of several recent analyst reports. Citigroup reaffirmed a “buy” rating on shares of Fresnillo in a research report on Monday, November 24th. Hsbc Global Res upgraded shares of Fresnillo from a “moderate sell” rating to a “hold” rating in a research note on Monday, October 13th. Morgan Stanley restated an “underweight” rating on shares of Fresnillo in a research report on Tuesday, December 16th. Scotiabank downgraded shares of Fresnillo from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 23rd. Finally, HSBC upgraded shares of Fresnillo to a “hold” rating in a research note on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Fresnillo Trading Up 6.5%

The business’s fifty day moving average is $34.72 and its 200-day moving average is $28.29. The company has a quick ratio of 4.34, a current ratio of 5.09 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.