Fresnillo (OTCMKTS:FNLPF) Shares Gap Up – Still a Buy?

Fresnillo PLC (OTCMKTS:FNLPFGet Free Report)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $38.37, but opened at $40.1250. Fresnillo shares last traded at $40.40, with a volume of 796 shares trading hands.

Analysts Set New Price Targets

Several research firms recently commented on FNLPF. Zacks Research lowered Fresnillo from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Citigroup reiterated a “buy” rating on shares of Fresnillo in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce”.

Read Our Latest Research Report on FNLPF

Fresnillo Stock Performance

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 stock has a 50-day moving average price of $45.55 and a 200 day moving average price of $46.29.

Fresnillo Company Profile

(Get Free Report)

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.

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