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

Fresnillo PLC (OTCMKTS:FNLPF)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $39.9470, but opened at $41.84. Fresnillo shares last traded at $41.8714, with a volume of 4,404 shares.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. HSBC upgraded Fresnillo to a “hold” rating in a research report on Monday, October 13th. Morgan Stanley reaffirmed an “underweight” rating on shares of Fresnillo in a research report on Tuesday. Scotiabank downgraded shares of Fresnillo from a “hold” rating to a “strong sell” rating in a report on Thursday, October 23rd. Citigroup restated a “buy” rating on shares of Fresnillo in a research report on Monday, November 24th. Finally, Zacks Research upgraded shares of Fresnillo from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Fresnillo Price Performance

The firm’s 50-day simple moving average is $32.93 and its 200 day simple moving average is $26.71. 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 is a precious metals mining company focused on the production, exploration and development of silver and gold. The company is widely recognized as a leading primary silver producer and a significant gold producer, operating in the mining sector with activities that span underground and open-pit mining, mineral processing and concentrator operations. Fresnillo’s business centers on bringing mined ore through processing to produce saleable precious metal products for industrial and investment markets.

Operationally, the company manages a portfolio of producing mines and development projects, with exploration programs intended to extend mine life and expand resource bases.