Fresnillo (OTCMKTS:FNLPF) Shares Gap Down – What’s Next?

Shares of Fresnillo PLC (OTCMKTS:FNLPF – Get Free Report) gapped down before the market opened on Monday. The stock had previously closed at $31.75, but opened at $30.37. Fresnillo shares last traded at $30.37, with a volume of 103 shares.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Report on FNLPF

Fresnillo Price Performance

The company has a current ratio of 6.35, a quick ratio of 5.59 and a debt-to-equity ratio of 0.15. The company has a fifty day moving average price of $37.97 and a 200 day moving average price of $42.98.

Fresnillo Company Profile

(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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