Fresnillo (OTCMKTS:FNLPF) Shares Gap Down – Should You Sell?

Shares of Fresnillo PLC (OTCMKTS:FNLPF) gapped down prior to trading on Monday. The stock had previously closed at $33.25, but opened at $30.84. Fresnillo shares last traded at $31.05, with a volume of 844 shares trading hands.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Jefferies Financial Group began coverage on shares of Fresnillo in a research note on Monday, August 3rd. They issued a “hold” rating for the company. Barclays lowered shares of Fresnillo from an “equal weight” rating to a “strong sell” rating in a research report on Thursday, September 3rd. Scotiabank raised shares of Fresnillo from a “strong sell” rating to a “hold” rating in a report on Thursday, July 16th. Finally, Zacks Research upgraded shares of Fresnillo from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. One 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 stock presently has a consensus rating of “Reduce”.

Fresnillo Stock Up 1.6%

The business has a 50-day moving average price of $38.96 and a two-hundred day moving average price of $40.49. The company has a current ratio of 6.35, a quick ratio of 5.59 and a debt-to-equity ratio of 0.15.

About Fresnillo

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.