Fresnillo (OTCMKTS:FNLPF) Sees Large Volume Increase – Should You Buy?

Shares of Fresnillo PLC (OTCMKTS:FNLPF) saw strong trading volume on Friday . 38,427 shares changed hands during mid-day trading, an increase of 225% from the previous session’s volume of 11,835 shares.The stock last traded at $31.99 and had previously closed at $32.00.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Peel Hunt downgraded shares of Fresnillo from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Citigroup reissued a “buy” rating on shares of Fresnillo in a research report on Friday, September 26th. UBS Group downgraded shares of Fresnillo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 3rd. Zacks Research raised shares of Fresnillo from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. Finally, Morgan Stanley reissued an “underweight” rating on shares of Fresnillo in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Fresnillo has an average rating of “Moderate Buy”.

Fresnillo Stock Performance

The company’s 50-day moving average price is $27.23 and its two-hundred day moving average price is $20.03. The company has a current ratio of 5.09, a quick ratio of 4.34 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.