Fresnillo (OTCMKTS:FNLPF) Reaches New 1-Year High – Should You Buy?

Shares of Fresnillo PLC (OTCMKTS:FNLPF) hit a new 52-week high on Tuesday . The stock traded as high as $54.00 and last traded at $53.85, with a volume of 10855 shares traded. The stock had previously closed at $50.60.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. HSBC upgraded Fresnillo to a “hold” rating in a research report on Monday, October 13th. Scotiabank lowered shares of Fresnillo from a “hold” rating to a “strong sell” rating in a report on Thursday, October 23rd. Morgan Stanley reiterated an “underweight” rating on shares of Fresnillo in a research report on Monday, January 12th. Citigroup restated a “buy” rating on shares of Fresnillo in a research report on Wednesday, January 14th. Finally, Zacks Research cut shares of Fresnillo from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 23rd. One 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 company. According to data from MarketBeat.com, Fresnillo presently has a consensus rating of “Hold”.

Fresnillo Trading Up 6.7%

The company has a fifty day moving average of $40.14 and a 200 day moving average of $31.11. 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.