Fresnillo (OTCMKTS:FNLPF) Hits New 52-Week High – What’s Next?

Fresnillo PLC (OTCMKTS:FNLPF) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $50.89 and last traded at $50.03, with a volume of 14162 shares changing hands. The stock had previously closed at $50.20.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FNLPF. HSBC upgraded shares of Fresnillo to a “hold” rating in a research report on Monday, October 13th. Morgan Stanley restated an “underweight” rating on shares of Fresnillo in a research report on Monday. Zacks Research lowered Fresnillo from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 23rd. Hsbc Global Res upgraded Fresnillo from a “moderate sell” rating to a “hold” rating in a research report on Monday, October 13th. Finally, Scotiabank cut Fresnillo from a “hold” rating to a “strong sell” rating in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Fresnillo currently has a consensus rating of “Hold”.

Fresnillo Stock Performance

The business’s 50-day moving average is $39.29 and its two-hundred day moving average is $30.53. The company has a debt-to-equity ratio of 0.20, a current ratio of 5.09 and a quick ratio of 4.34.

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.