Fresnillo (OTCMKTS:FNLPF) Shares Gap Up – Still a Buy?

Fresnillo PLC (OTCMKTS:FNLPF) shares gapped up before the market opened on Wednesday . The stock had previously closed at $33.01, but opened at $34.85. Fresnillo shares last traded at $35.65, with a volume of 1,167 shares.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Zacks Research cut Fresnillo from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. Scotiabank upgraded shares of Fresnillo from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 16th. Finally, Citigroup reaffirmed a “buy” rating on shares of Fresnillo in a research note on Monday, April 13th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Fresnillo presently has a consensus rating of “Hold”.

Fresnillo Stock Performance

The company has a quick ratio of 3.88, a current ratio of 4.35 and a debt-to-equity ratio of 0.17. The business has a 50 day simple moving average of $40.13 and a two-hundred day simple moving average of $45.97.

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.