Fresnillo (OTCMKTS:FNLPF) Shares Gap Up – Time to Buy?

Fresnillo PLC (OTCMKTS:FNLPF) shares gapped up before the market opened on Thursday . The stock had previously closed at $30.1952, but opened at $32.41. Fresnillo shares last traded at $31.50, with a volume of 372 shares.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Scotiabank cut shares of Fresnillo from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 23rd. Hsbc Global Res raised Fresnillo from a “moderate sell” rating to a “hold” rating in a research note on Monday, October 13th. Zacks Research raised Fresnillo from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 19th. HSBC upgraded Fresnillo to a “hold” rating in a report on Monday, October 13th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Fresnillo in a report on Monday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Fresnillo presently has an average rating of “Hold”.

Fresnillo Stock Performance

The company has a 50 day moving average of $30.78 and a 200 day moving average of $23.58. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.34 and a current ratio of 5.09.

Fresnillo Company Profile

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.