Fresnillo (OTCMKTS:FNLPF) Hits New 12-Month High – Here’s Why

Fresnillo plc (OTCMKTS:FNLPF) shares hit a new 52-week high on Friday . The stock traded as high as $8.85 and last traded at $8.78, with a volume of 10075 shares. The stock had previously closed at $8.57.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Canaccord Genuity Group raised Fresnillo to a “strong-buy” rating in a research report on Thursday, August 8th. Berenberg Bank raised Fresnillo from a “strong sell” rating to a “hold” rating in a research report on Friday, July 26th.

Fresnillo Stock Up 2.5 %

The business has a fifty day moving average of $7.45 and a 200 day moving average of $7.36.

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.