Fresnillo (OTCMKTS:FNLPF) Stock Falls 8.3% – Here’s What Happened

Fresnillo PLC (OTCMKTS:FNLPF) traded down 8.3% on Thursday. The company traded as low as $38.05 and last traded at $38.05. 1,415 shares traded hands during trading, a decline of 88% from the average session volume of 11,501 shares. The stock had previously closed at $41.4950.

Wall Street Analysts Forecast Growth

FNLPF has been the subject of a number of research reports. Barclays lowered shares of Fresnillo from an “equal weight” rating to a “strong sell” rating in a report on Thursday, September 3rd. Zacks Research lowered shares of Fresnillo from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. Scotiabank upgraded shares of Fresnillo from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 16th. Finally, Jefferies Financial Group assumed coverage on shares of Fresnillo in a research note on Monday, August 3rd. They set a “hold” rating for the company. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Fresnillo Stock Up 1.0%

The firm has a 50 day moving average of $39.13 and a 200 day moving average of $41.81. The company has a debt-to-equity ratio of 0.15, a quick ratio of 5.59 and a current ratio of 6.35.

Fresnillo Company Profile

Fresnillo plc is a precious-metals mining company focused on the exploration, development and operation of mines in Mexico. The company primarily produces silver and gold, with lead and zinc recovered as byproducts from certain operations. Its activities include geological exploration, mine development, ore processing and the sale of refined and payable metals.

Fresnillo’s operating portfolio includes the Fresnillo, Saucito, Ciénega, Herradura and San Julián mines, as well as the Juanicipio mine, which it operates in partnership with MAG Silver.