Fresnillo (OTCMKTS:FNLPF) Shares Gap Up – Here’s Why

Fresnillo PLC (OTCMKTS:FNLPF)’s share price gapped up before the market opened on Wednesday. The stock had previously closed at $35.85, but opened at $37.33. Fresnillo shares last traded at $37.33, with a volume of 192 shares changing hands.

Analyst Upgrades and Downgrades

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

Fresnillo Stock Performance

The stock has a 50-day moving average price of $39.23 and a two-hundred day moving average price of $41.58. The company has a debt-to-equity ratio of 0.15, a quick ratio of 5.59 and a current ratio of 6.35.

About Fresnillo

Fresnillo plc (OTCMKTS:FNLPF) is a Mexico-based precious metals mining company focused on the exploration, development and production of silver and gold. The company is one of the world’s significant primary silver producers and also produces gold, lead and zinc as by-products of its mining operations.

Fresnillo operates a portfolio of mines and processing facilities in Mexico, including the Fresnillo, Saucito, Ciénega, Herradura, San Julián and Noche Buena mines. It also holds a majority interest in the Juanicipio silver-gold mine, which is operated in partnership with MAG Silver.