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Fresnillo (OTCMKTS:FNLPF) Sets New 1-Year High - Time to Buy?

Fresnillo logo with Basic Materials background
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Fresnillo plc (OTCMKTS:FNLPF - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $11.12 and last traded at $10.75, with a volume of 17924 shares. The stock had previously closed at $11.03.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FNLPF. Royal Bank of Canada restated an "outperform" rating on shares of Fresnillo in a research note on Monday, March 3rd. Berenberg Bank upgraded Fresnillo from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 7th.

Get Our Latest Stock Report on FNLPF

Fresnillo Price Performance

The firm has a 50 day moving average price of $9.24 and a 200-day moving average price of $8.61. The company has a quick ratio of 4.20, a current ratio of 5.88 and a debt-to-equity ratio of 0.20.

About Fresnillo

(Get Free Report)

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.

Further Reading

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