Fresnillo (OTCMKTS:FNLPF) Trading Down 6.5% – What’s Next?

Fresnillo PLC (OTCMKTS:FNLPF)’s stock price dropped 6.5% during mid-day trading on Wednesday . The company traded as low as $45.37 and last traded at $46.43. Approximately 14,678 shares changed hands during mid-day trading, a decline of 41% from the average daily volume of 24,868 shares. The stock had previously closed at $49.67.

Analysts Set New Price Targets

FNLPF has been the topic of several research reports. Morgan Stanley restated an “underweight” rating on shares of Fresnillo in a report on Tuesday, December 16th. Citigroup reaffirmed a “buy” rating on shares of Fresnillo in a research note on Monday, November 24th. HSBC raised shares of Fresnillo to a “hold” rating in a research report on Monday, October 13th. Zacks Research cut shares of Fresnillo from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 23rd. Finally, Hsbc Global Res raised shares of Fresnillo from a “moderate sell” rating to a “hold” rating in a research report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

Fresnillo Stock Performance

The company has a current ratio of 5.09, a quick ratio of 4.34 and a debt-to-equity ratio of 0.20. The business has a fifty day moving average price of $36.51 and a 200-day moving average price of $29.24.

About Fresnillo

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.