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

Fresnillo PLC (OTCMKTS:FNLPF) gapped down before the market opened on Wednesday. The stock had previously closed at $37.44, but opened at $35.40. Fresnillo shares last traded at $35.40, with a volume of 639 shares.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group initiated coverage on shares of Fresnillo in a report on Monday, August 3rd. They set a “hold” rating for the company. Scotiabank raised Fresnillo from a “strong sell” rating to a “hold” rating in a report on Thursday, July 16th. Barclays lowered Fresnillo from an “equal weight” rating to a “strong sell” rating in a report on Thursday, September 3rd. Finally, Zacks Research raised shares of Fresnillo from a “strong sell” rating to a “hold” rating in a research report on Monday. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Fresnillo Stock Down 1.9%

The firm has a fifty day simple moving average of $39.50 and a 200 day simple moving average of $41.23. The company has a quick ratio of 5.59, a current ratio of 6.35 and a debt-to-equity ratio of 0.15.

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.