Fresnillo (OTCMKTS:FNLPF) Trading 13.8% Higher – Should You Buy?

Shares of Fresnillo PLC (OTCMKTS:FNLPF – Get Free Report) traded up 13.8% during mid-day trading on Monday . The stock traded as high as $45.85 and last traded at $43.90. 594 shares traded hands during trading, a decline of 96% from the average session volume of 14,754 shares. The stock had previously closed at $38.56.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Citigroup reissued a “buy” rating on shares of Fresnillo in a research note on Monday, April 13th. Zacks Research upgraded Fresnillo from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Fresnillo presently has an average rating of “Hold”.

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Fresnillo Stock Performance

The stock’s 50 day moving average is $45.34 and its two-hundred day moving average is $46.49. The company has a quick ratio of 3.88, a current ratio of 4.35 and a debt-to-equity ratio of 0.17.

About Fresnillo

(Get Free Report)

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.

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