Fresnillo (OTCMKTS:FNLPF) Reaches New 1-Year High – Still a Buy?

Fresnillo plc (OTCMKTS:FNLPF) reached a new 52-week high during trading on Tuesday . The company traded as high as $12.50 and last traded at $12.21, with a volume of 23059 shares changing hands. The stock had previously closed at $12.16.

Wall Street Analyst Weigh In

FNLPF has been the subject of several research analyst reports. Berenberg Bank raised shares of Fresnillo from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 7th. Royal Bank of Canada cut shares of Fresnillo from a “moderate buy” rating to a “hold” rating in a research report on Thursday, March 13th.

Fresnillo Stock Up 2.5 %

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 stock has a 50 day moving average price of $9.56 and a two-hundred day moving average price of $8.76.

Fresnillo Company Profile

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.