Fresnillo (OTCMKTS:FNLPF) Trading Down 2.4% – Here’s What Happened

Shares of Fresnillo plc (OTCMKTS:FNLPF) dropped 2.4% during trading on Friday . The company traded as low as $13.00 and last traded at $13.28. Approximately 10,467 shares were traded during trading, a decline of 16% from the average daily volume of 12,433 shares. The stock had previously closed at $13.60.

Analyst Ratings Changes

FNLPF has been the topic of a number of recent research reports. Berenberg Bank raised Fresnillo from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 7th. Peel Hunt raised Fresnillo from a “hold” rating to a “moderate buy” rating in a research note on Friday, April 11th. Finally, Royal Bank of Canada lowered Fresnillo from a “moderate buy” rating to a “hold” rating in a research note on Thursday, March 13th.

Fresnillo Trading Down 2.4%

The company has a fifty day moving average of $12.70 and a 200 day moving average of $10.14. The company has a quick ratio of 4.20, a current ratio of 5.88 and a debt-to-equity ratio of 0.20.

About Fresnillo

Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. It operates through seven segments: Fresnillo, Saucito, Ciénega, Herradura, Noche Buena, San Julián, and Juanicipio. The company primarily explores for silver, gold, lead, and zinc concentrates. Its projects include the Fresnillo silver mine located in the state of Zacatecas; Saucito silver mine situated in the state of Zacatecas; Ciénega gold mine located in the state of Durango; Herradura gold mine situated in the state of Sonora; Noche Buena gold mine located in the state of Sonora; San Julián silver-gold mine situated on the border of Chihuahua/Durango states; and Juanicipio mine located in the state of Zacatecas.