Fresnillo (OTCMKTS:FNLPF) Shares Gap Up – Here’s What Happened

Fresnillo PLC (OTCMKTS:FNLPF – Get Free Report) gapped up before the market opened on Thursday. The stock had previously closed at $30.44, but opened at $35.37. Fresnillo shares last traded at $35.37, with a volume of 134 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on FNLPF shares. Zacks Research upgraded Fresnillo from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Barclays lowered Fresnillo from an “equal weight” rating to a “strong sell” rating in a report on Thursday, September 3rd. Scotiabank raised shares of Fresnillo from a “strong sell” rating to a “hold” rating in a report on Thursday, July 16th. Finally, Jefferies Financial Group assumed coverage on Fresnillo in a research report on Monday, August 3rd. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Read Our Latest Report on Fresnillo

Fresnillo Stock Performance

The company has a quick ratio of 5.59, a current ratio of 6.35 and a debt-to-equity ratio of 0.15. The business’s fifty day simple moving average is $37.23 and its 200-day simple moving average is $42.69.

About Fresnillo

(Get Free Report)

Fresnillo plc is a Mexico-focused precious metals mining company that explores for, develops, and produces silver and gold. Its operations include underground and open-pit mines, processing facilities, and exploration projects, with production primarily consisting of silver-bearing concentrates, doré and related mineral products.

The company operates in Mexico, including the states of Zacatecas, Durango and Sonora. Its portfolio has included the Fresnillo, Saucito, San Julián, Ciénega and Herradura mines, as well as the Juanicipio silver-gold project, which Fresnillo operates in partnership with MAG Silver.

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