Fresnillo (OTCMKTS:FNLPF) Reaches New 12-Month High – Should You Buy?

Fresnillo plc (OTCMKTS:FNLPF)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $13.00 and last traded at $13.00, with a volume of 10625 shares trading hands. The stock had previously closed at $12.11.

Analyst Ratings Changes

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

Fresnillo Price Performance

The stock has a fifty day moving average of $10.85 and a 200 day moving average of $9.34. The company has a current ratio of 5.88, a quick ratio of 4.20 and a debt-to-equity ratio of 0.20.

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.