Fresnillo (OTCMKTS:FNLPF) Shares Gap Up – Still a Buy?

Fresnillo PLC (OTCMKTS:FNLPF)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $33.01, but opened at $34.85. Fresnillo shares last traded at $35.65, with a volume of 1,167 shares trading hands.

Analyst Ratings Changes

FNLPF has been the topic of a number of research analyst reports. Citigroup reissued a “buy” rating on shares of Fresnillo in a report on Monday, April 13th. Zacks Research cut shares of Fresnillo from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. Finally, Scotiabank raised shares of Fresnillo from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Fresnillo Stock Down 6.0%

The company has a debt-to-equity ratio of 0.17, a current ratio of 4.35 and a quick ratio of 3.88. The company has a fifty day moving average price of $39.49 and a two-hundred day moving average price of $45.82.

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.