- FNLPF has posted a strong FY 2020 despite COVID-related challenges.
- The stock witnessed a notable price drop following the recent correction in silver, and gold prices.
- The company's strong fundamentals, near-term growth prospects at Juanicipio, and a favorable long-term outlook for silver supports an investment case in FNLPF.
- However, due to expected delay in mill commissioning that may be triggered by enhanced COVID restrictions in Mexico, and volatile near-term outlook for silver and gold, I expect FNLPF's price recovery to be slow but steady.
- FNLPF maintains an impressive dividend profile compared with peers.
For further details see:
Fresnillo Plc: A Low-Risk Bet On Silver