Fresnillo (OTCMKTS:FNLPF) Reaches New 52-Week High – Time to Buy?

Fresnillo plc (OTCMKTS:FNLPF) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $11.12 and last traded at $10.75, with a volume of 17924 shares changing hands. The stock had previously closed at $11.03.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FNLPF. Berenberg Bank raised Fresnillo from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 7th. Royal Bank of Canada reissued an “outperform” rating on shares of Fresnillo in a research note on Monday, March 3rd.

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 company has a 50 day simple moving average of $9.17 and a 200-day simple moving average of $8.59.

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.