Fresnillo plc (OTCMKTS:FNLPF – Get Free Report) saw a large decline in short interest during 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 trading volume of 27,200 shares, the short-interest ratio is currently 18.6 days.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on FNLPF shares. Canaccord Genuity Group upgraded Fresnillo to a “strong-buy” rating in a report on Thursday, August 8th. Berenberg Bank upgraded Fresnillo from a “strong sell” rating to a “hold” rating in a report on Friday, July 26th.
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Fresnillo Trading Up 2.6 %
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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