Short Interest in Fresnillo PLC (OTCMKTS:FNLPF) Declines By 28.4%
Fresnillo PLC (OTCMKTS:FNLPF) experienced a significant decline in short interest, dropping 28.4% to 785,500 shares as of October 15th. The days-to-cover ratio is currently 20.4 days, with only 0.1% of shares short sold. Analyst ratings have varied, with HSBC upgrading to "hold" and Zacks Research to "strong-buy." The stock is trading at $28.82, with a 12-month range of $7.65 to $35.97. Fresnillo primarily focuses on mining silver, gold, lead, and zinc in Mexico.
Fresnillo PLC (OTCMKTS:FNLPF - Get Free Report) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 785,500 shares, a drop of 28.4% from the September 30th total of 1,097,100 shares. Based on an average daily volume of 38,500 shares, the short-interest ratio is currently 20.4 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 38,500 shares, the short-interest ratio is currently 20.4 days.
Analyst Ratings Changes
A number of research analysts have recently issued reports on FNLPF shares. HSBC raised Fresnillo to a "hold" rating in a research note on Monday, October 13th. Zacks Research upgraded shares of Fresnillo from a "hold" rating to a "strong-buy" rating in a report on Friday, September 19th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Fresnillo in a report on Monday, August 11th. Morgan Stanley reissued an "underweight" rating on shares of Fresnillo in a report on Wednesday, October 8th. Finally, Hsbc Global Res upgraded shares of Fresnillo from a "moderate sell" rating to a "hold" rating in a research report on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold".
Check Out Our Latest Research Report on FNLPF
Fresnillo Price Performance
Shares of OTCMKTS FNLPF traded down $0.86 during midday trading on Monday, hitting $28.82. 20,380 shares of the company traded hands, compared to its average volume of 12,554. Fresnillo has a 12-month low of $7.65 and a 12-month high of $35.97. The stock has a 50-day moving average price of $29.90 and a 200 day moving average price of $22.24. The company has a debt-to-equity ratio of 0.20, a current ratio of 5.09 and a quick ratio of 4.34.
Fresnillo Company Profile
(Get Free Report)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.
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