Fresnillo (OTCMKTS:FNLPF) Shares Gap Down – Time to Sell?

Shares of Fresnillo PLC (OTCMKTS:FNLPF) gapped down prior to trading on Tuesday. The stock had previously closed at $37.67, but opened at $35.81. Fresnillo shares last traded at $36.31, with a volume of 1,141 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Jefferies Financial Group started coverage on Fresnillo in a research note on Monday, August 3rd. They issued a “hold” rating for the company. Barclays cut shares of Fresnillo from an “equal weight” rating to a “strong sell” rating in a report on Thursday, September 3rd. Zacks Research downgraded shares of Fresnillo from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Finally, Scotiabank upgraded shares of Fresnillo from a “strong sell” rating to a “hold” rating in a report on Thursday, July 16th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Fresnillo has a consensus rating of “Reduce”.

Fresnillo Stock Up 2.8%

The firm’s 50-day moving average price is $39.26 and its two-hundred day moving average price is $41.50. The company has a current ratio of 6.35, a quick ratio of 5.59 and a debt-to-equity ratio of 0.15.

About Fresnillo

Fresnillo plc (OTCMKTS:FNLPF) is a Mexico-based precious metals mining company focused on the exploration, development and production of silver and gold. The company is one of the world’s significant primary silver producers and also produces gold, lead and zinc as by-products of its mining operations.

Fresnillo operates a portfolio of mines and processing facilities in Mexico, including the Fresnillo, Saucito, Ciénega, Herradura, San Julián and Noche Buena mines. It also holds a majority interest in the Juanicipio silver-gold mine, which is operated in partnership with MAG Silver.