Fresnillo (OTCMKTS:FNLPF) Shares Gap Up – Should You Buy?

Fresnillo PLC (OTCMKTS:FNLPF)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $30.77, but opened at $32.0060. Fresnillo shares last traded at $32.0060, with a volume of 655 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on FNLPF shares. Scotiabank cut Fresnillo from a “hold” rating to a “strong sell” rating in a report on Thursday, October 23rd. Zacks Research raised shares of Fresnillo from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 19th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Fresnillo in a research report on Monday, August 11th. Peel Hunt downgraded Fresnillo from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Finally, Hsbc Global Res upgraded shares of Fresnillo from a “moderate sell” rating to a “hold” rating in a report on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Fresnillo Stock Performance

The company has a 50 day simple moving average of $30.55 and a 200-day simple moving average of $22.97. The company has a quick ratio of 4.34, a current ratio of 5.09 and a debt-to-equity ratio of 0.20.

About Fresnillo

Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. It operates through seven segments: Fresnillo, Saucito, Ciénega, Herradura, Noche Buena, San Julián, and Juanicipio. The company primarily explores for silver, gold, lead, and zinc concentrates. Its projects include the Fresnillo silver mine located in the state of Zacatecas; Saucito silver mine situated in the state of Zacatecas; Ciénega gold mine located in the state of Durango; Herradura gold mine situated in the state of Sonora; Noche Buena gold mine located in the state of Sonora; San Julián silver-gold mine situated on the border of Chihuahua/Durango states; and Juanicipio mine located in the state of Zacatecas.