Fresnillo (OTCMKTS:FNLPF) Shares Gap Up – Here’s What Happened

Fresnillo PLC (OTCMKTS:FNLPF) shares gapped up before the market opened on Friday . The stock had previously closed at $36.3650, but opened at $38.00. Fresnillo shares last traded at $38.00, with a volume of 869 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Citigroup reaffirmed a “buy” rating on shares of Fresnillo in a research note on Monday, April 13th. Zacks Research raised shares of Fresnillo from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Fresnillo currently has a consensus rating of “Hold”.

Fresnillo Stock Performance

The company has a quick ratio of 3.88, a current ratio of 4.35 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average price is $44.29 and its two-hundred day moving average price is $46.66.

About Fresnillo

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.