Fresnillo (OTCMKTS:FNLPF) Stock Price Down 6.5% – Time to Sell?

Shares of Fresnillo PLC (OTCMKTS:FNLPF) traded down 6.5% during trading on Wednesday . The stock traded as low as $45.37 and last traded at $46.43. 14,678 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 24,868 shares. The stock had previously closed at $49.67.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FNLPF. Citigroup reaffirmed a “buy” rating on shares of Fresnillo in a report on Monday, November 24th. Zacks Research downgraded shares of Fresnillo from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 23rd. Morgan Stanley restated an “underweight” rating on shares of Fresnillo in a research note on Tuesday, December 16th. Scotiabank cut Fresnillo from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 23rd. Finally, HSBC upgraded Fresnillo to a “hold” rating in a research note on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Fresnillo currently has an average rating of “Hold”.

Fresnillo Stock Down 5.1%

The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.34 and a current ratio of 5.09. The stock’s 50 day moving average is $36.51 and its two-hundred day moving average is $29.24.

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.