Fresnillo (OTCMKTS:FNLPF) Shares Cross Above 50 Day Moving Average of $7.29

Fresnillo plc (OTCMKTS:FNLPF) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $7.29 and traded as high as $7.41. Fresnillo shares last traded at $7.41, with a volume of 1,060 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FNLPF. Canaccord Genuity Group upgraded Fresnillo to a “strong-buy” rating in a report on Thursday, August 8th. Berenberg Bank upgraded shares of Fresnillo from a “strong sell” rating to a “hold” rating in a research report on Friday, July 26th.

Fresnillo Stock Performance

The company has a quick ratio of 2.89, a current ratio of 4.14 and a debt-to-equity ratio of 0.21. The stock’s 50 day simple moving average is $7.29 and its two-hundred day simple moving average is $7.12.

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.