Fresnillo (OTCMKTS:FNLPF) Shares Gap Down – What’s Next?

Shares of Fresnillo PLC (OTCMKTS:FNLPF) gapped down prior to trading on Monday. The stock had previously closed at $36.6940, but opened at $35.50. Fresnillo shares last traded at $35.49, with a volume of 575 shares traded.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on FNLPF shares. Scotiabank raised Fresnillo from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 16th. Jefferies Financial Group initiated coverage on Fresnillo in a research note on Monday, August 3rd. They issued a “hold” rating on the stock. Zacks Research upgraded Fresnillo from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Barclays cut Fresnillo from an “equal weight” rating to a “strong sell” rating in a report on Thursday, September 3rd. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Fresnillo Stock Up 2.5%

The company has a debt-to-equity ratio of 0.15, a current ratio of 6.35 and a quick ratio of 5.59. The firm’s 50-day moving average is $39.37 and its 200-day moving average is $40.75.

Fresnillo Company Profile

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.