Fresnillo (OTCMKTS:FNLPF) Trading Down 3.7% – Time to Sell?

Fresnillo PLC (OTCMKTS:FNLPF) shares dropped 3.7% during mid-day trading on Thursday . The stock traded as low as $35.30 and last traded at $35.30. Approximately 7,496 shares changed hands during mid-day trading, a decline of 38% from the average daily volume of 12,164 shares. The stock had previously closed at $36.6750.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on FNLPF shares. Royal Bank Of Canada reissued a “sector perform” rating on shares of Fresnillo in a report on Monday, August 11th. HSBC raised shares of Fresnillo to a “hold” rating in a report on Monday, October 13th. Peel Hunt downgraded shares of Fresnillo from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Citigroup reiterated a “buy” rating on shares of Fresnillo in a research report on Monday, November 24th. Finally, Zacks Research raised shares of Fresnillo from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 19th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Fresnillo presently has a consensus rating of “Hold”.

Fresnillo Price Performance

The business’s fifty day moving average is $31.45 and its 200-day moving average is $25.00. The company has a quick ratio of 4.34, a current ratio of 5.09 and a debt-to-equity ratio of 0.20.

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.