Fresnillo PLC (OTCMKTS:FNLPF) Short Interest Update

Fresnillo PLC (OTCMKTS:FNLPF) was the target of a large growth in short interest in March. As of March 31st, there was short interest totaling 1,103,260 shares, a growth of 39.0% from the March 15th total of 793,510 shares. Based on an average daily trading volume, of 26,815 shares, the short-interest ratio is presently 41.1 days. Currently, 0.1% of the shares of the company are sold short.

Fresnillo Price Performance

Shares of OTCMKTS:FNLPF opened at $48.31 on Thursday. The firm has a fifty day moving average price of $48.63 and a two-hundred day moving average price of $42.26. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.35 and a quick ratio of 3.88. Fresnillo has a one year low of $12.70 and a one year high of $61.00.

Wall Street Analyst Weigh In

FNLPF has been the subject of a number of recent research reports. Zacks Research upgraded shares of Fresnillo from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 22nd. Citigroup reiterated a “buy” rating on shares of Fresnillo in a research note on Monday. Berenberg Bank lowered shares of Fresnillo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of Fresnillo in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Fresnillo Company Profile

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.