Fresnillo plc (OTCMKTS:FNLPF – Get Free Report) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 507,000 shares, a decline of 6.8% from the September 15th total of 544,200 shares. Based on an average daily volume of 27,200 shares, the short-interest ratio is currently 18.6 days.
Fresnillo Price Performance
Shares of FNLPF stock opened at $8.72 on Thursday. Fresnillo has a 52-week low of $5.51 and a 52-week high of $8.90. The company’s 50 day moving average is $7.57 and its 200 day moving average is $7.45.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on FNLPF shares. Berenberg Bank raised Fresnillo from a “strong sell” rating to a “hold” rating in a research report on Friday, July 26th. Canaccord Genuity Group upgraded shares of Fresnillo to a “strong-buy” rating in a report on Thursday, August 8th.
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.
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