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

Fresnillo PLC (OTCMKTS:FNLPF) shares gapped down prior to trading on Wednesday . The stock had previously closed at $41.4950, but opened at $39.25. Fresnillo shares last traded at $39.1750, with a volume of 1,179 shares changing hands.

Analyst Ratings Changes

FNLPF has been the subject of several research reports. Scotiabank raised shares of Fresnillo from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 16th. Zacks Research lowered shares of Fresnillo from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Jefferies Financial Group began coverage on Fresnillo in a report on Monday, August 3rd. They set a “hold” rating for the company. Finally, Barclays downgraded Fresnillo from an “equal weight” rating to a “strong sell” rating in a research note on Thursday, September 3rd. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Fresnillo Stock Down 5.4%

The company’s fifty day moving average is $38.84 and its 200 day moving average is $41.99. The company has a current ratio of 6.35, a quick ratio of 5.59 and a debt-to-equity ratio of 0.15.

Fresnillo Company Profile

Fresnillo plc is a precious-metals mining company focused on the exploration, development and operation of mines in Mexico. The company primarily produces silver and gold, with lead and zinc recovered as byproducts from certain operations. Its activities include geological exploration, mine development, ore processing and the sale of refined and payable metals.

Fresnillo’s operating portfolio includes the Fresnillo, Saucito, Ciénega, Herradura and San Julián mines, as well as the Juanicipio mine, which it operates in partnership with MAG Silver.