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

Fresnillo PLC (OTCMKTS:FNLPF)’s stock price gapped up before the market opened on Wednesday. The stock had previously closed at $35.85, but opened at $37.33. Fresnillo shares last traded at $37.33, with a volume of 192 shares changing hands.

Wall Street Analysts Forecast Growth

FNLPF has been the topic of a number of recent analyst reports. Barclays lowered Fresnillo from an “equal weight” rating to a “strong sell” rating in a research report on Thursday, September 3rd. Scotiabank upgraded Fresnillo from a “strong sell” rating to a “hold” rating in a report on Thursday, July 16th. Zacks Research lowered Fresnillo from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Finally, Jefferies Financial Group assumed coverage on shares of Fresnillo in a report on Monday, August 3rd. They issued a “hold” rating on the stock. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Fresnillo currently has a consensus rating of “Reduce”.

Fresnillo Stock Up 4.1%

The company has a current ratio of 6.35, a quick ratio of 5.59 and a debt-to-equity ratio of 0.15. The company’s 50-day moving average is $39.23 and its two-hundred day moving average is $41.58.

Fresnillo Company Profile

Fresnillo plc (OTCMKTS:FNLPF) is a Mexico-based precious metals mining company focused on the exploration, development and production of silver and gold. The company is one of the world’s significant primary silver producers and also produces gold, lead and zinc as by-products of its mining operations.

Fresnillo operates a portfolio of mines and processing facilities in Mexico, including the Fresnillo, Saucito, Ciénega, Herradura, San Julián and Noche Buena mines. It also holds a majority interest in the Juanicipio silver-gold mine, which is operated in partnership with MAG Silver.