Short Interest in Fresnillo PLC (OTCMKTS:FNLPF) Rises By 39.0%

Fresnillo PLC (OTCMKTS:FNLPF) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 1,103,260 shares, an increase of 39.0% from the March 15th total of 793,510 shares. Based on an average daily volume of 26,815 shares, the short-interest ratio is currently 41.1 days. Approximately 0.1% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Several research firms have commented on FNLPF. Morgan Stanley restated an “underweight” rating on shares of Fresnillo in a research report on Monday, January 12th. Berenberg Bank cut shares of Fresnillo from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 5th. Zacks Research upgraded shares of Fresnillo from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 22nd. Finally, Citigroup reiterated a “buy” rating on shares of Fresnillo in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Fresnillo presently has a consensus rating of “Hold”.

Fresnillo Price Performance

Fresnillo stock opened at $47.14 on Friday. Fresnillo has a 12-month low of $12.70 and a 12-month high of $61.00. The company has a current ratio of 4.35, a quick ratio of 3.88 and a debt-to-equity ratio of 0.17. The firm has a 50 day simple moving average of $48.62 and a 200-day simple moving average of $42.29.

About Fresnillo

Fresnillo plc is a precious metals mining company focused on the production, exploration and development of silver and gold. The company is widely recognized as a leading primary silver producer and a significant gold producer, operating in the mining sector with activities that span underground and open-pit mining, mineral processing and concentrator operations. Fresnillo’s business centers on bringing mined ore through processing to produce saleable precious metal products for industrial and investment markets.

Operationally, the company manages a portfolio of producing mines and development projects, with exploration programs intended to extend mine life and expand resource bases.