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

Fresnillo PLC (OTCMKTS:FNLPF)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $47.1380, but opened at $51.00. Fresnillo shares last traded at $49.4470, with a volume of 1,692 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on FNLPF shares. Morgan Stanley reaffirmed an “underweight” rating on shares of Fresnillo in a research note on Monday, January 12th. Citigroup reissued a “buy” rating on shares of Fresnillo in a research note on Monday, April 13th. Berenberg Bank lowered Fresnillo from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 5th. Finally, Zacks Research raised Fresnillo from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Fresnillo Stock Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.88 and a current ratio of 4.35. The company has a fifty day simple moving average of $48.53 and a 200-day simple moving average of $42.84.

Fresnillo Company Profile

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.