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

Fresnillo PLC (OTCMKTS:FNLPF)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $61.00 and last traded at $60.1435, with a volume of 65868 shares traded. The stock had previously closed at $56.84.

Analysts Set New Price Targets

A number of brokerages recently commented on FNLPF. Hsbc Global Res raised shares of Fresnillo from a “moderate sell” rating to a “hold” rating in a research note on Monday, October 13th. Citigroup reiterated a “buy” rating on shares of Fresnillo in a research report on Wednesday, January 14th. Zacks Research upgraded Fresnillo from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Scotiabank lowered Fresnillo from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 23rd. Finally, Morgan Stanley reiterated an “underweight” rating on shares of Fresnillo in a report on Monday, January 12th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Fresnillo currently has a consensus rating of “Hold”.

Fresnillo Stock Up 7.3%

The firm’s 50-day moving average price is $42.05 and its 200-day moving average price is $32.09. 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.