Fresnillo (OTCMKTS:FNLPF) Shares Gap Down – Here’s What Happened

Fresnillo PLC (OTCMKTS:FNLPF)’s stock price gapped down before the market opened on Monday. The stock had previously closed at $36.6940, but opened at $35.50. Fresnillo shares last traded at $35.49, with a volume of 575 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on FNLPF shares. Scotiabank upgraded Fresnillo from a “strong sell” rating to a “hold” rating in a report on Thursday, July 16th. Jefferies Financial Group started coverage on shares of Fresnillo in a research note on Monday, August 3rd. They issued a “hold” rating on the stock. Zacks Research upgraded shares of Fresnillo from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Barclays cut shares of Fresnillo from an “equal weight” rating to a “strong sell” rating in a research note on Thursday, September 3rd. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

Fresnillo Stock Performance

The company has a debt-to-equity ratio of 0.15, a quick ratio of 5.59 and a current ratio of 6.35. The stock’s 50-day moving average price is $39.53 and its 200 day moving average price is $40.87.

Fresnillo Company Profile

Fresnillo plc is a Mexico-focused precious metals mining company that explores for, develops, and produces silver and gold. Its operations include underground and open-pit mines, processing facilities, and exploration projects, with production primarily consisting of silver-bearing concentrates, doré and related mineral products.

The company operates in Mexico, including the states of Zacatecas, Durango and Sonora. Its portfolio has included the Fresnillo, Saucito, San Julián, Ciénega and Herradura mines, as well as the Juanicipio silver-gold project, which Fresnillo operates in partnership with MAG Silver.