Fresnillo (OTCMKTS:FNLPF) Hits New 52-Week High – Still a Buy?

Fresnillo plc (OTCMKTS:FNLPF)’s share price hit a new 52-week high on Monday . The stock traded as high as $18.80 and last traded at $18.73, with a volume of 30650 shares. The stock had previously closed at $18.16.

Analyst Ratings Changes

Several brokerages have recently commented on FNLPF. Berenberg Bank upgraded Fresnillo from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 7th. Peel Hunt raised Fresnillo from a “hold” rating to a “moderate buy” rating in a research note on Friday, April 11th. Finally, Royal Bank of Canada cut Fresnillo from a “moderate buy” rating to a “hold” rating in a report on Thursday, March 13th.

Fresnillo Stock Performance

The company has a quick ratio of 4.20, a current ratio of 5.88 and a debt-to-equity ratio of 0.20. The business’s fifty day simple moving average is $13.84 and its 200-day simple moving average is $10.89.

About Fresnillo

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.