Fresnillo (OTCMKTS:FNLPF) Shares Gap Down – Time to Sell?

Fresnillo PLC (OTCMKTS:FNLPF) shares gapped down prior to trading on Wednesday. The stock had previously closed at $41.4950, but opened at $39.25. Fresnillo shares last traded at $39.1750, with a volume of 1,179 shares traded.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FNLPF. Zacks Research cut Fresnillo from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Barclays lowered shares of Fresnillo from an “equal weight” rating to a “strong sell” rating in a report on Thursday, September 3rd. Scotiabank upgraded shares of Fresnillo from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 16th. Finally, Jefferies Financial Group started coverage on shares of Fresnillo in a report on Monday, August 3rd. They set a “hold” rating on the stock. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Fresnillo presently has a consensus rating of “Reduce”.

Fresnillo Trading Down 3.2%

The firm’s 50-day moving average price is $39.03 and its 200-day moving average price is $41.84. The company has a current ratio of 6.35, a quick ratio of 5.59 and a debt-to-equity ratio of 0.15.

About Fresnillo

Fresnillo plc is a precious-metals mining company focused on the exploration, development and operation of mines in Mexico. The company primarily produces silver and gold, with lead and zinc recovered as byproducts from certain operations. Its activities include geological exploration, mine development, ore processing and the sale of refined and payable metals.

Fresnillo’s operating portfolio includes the Fresnillo, Saucito, Ciénega, Herradura and San Julián mines, as well as the Juanicipio mine, which it operates in partnership with MAG Silver.