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

Fresnillo PLC (OTCMKTS:FNLPF)’s stock price gapped down prior to trading on Wednesday. The stock had previously closed at $35.6425, but opened at $34.08. Fresnillo shares last traded at $34.18, with a volume of 12,999 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have issued reports on FNLPF shares. Scotiabank upgraded Fresnillo from a “strong sell” rating to a “hold” rating in a report on Thursday, July 16th. Jefferies Financial Group began coverage on Fresnillo in a research note on Monday, August 3rd. They issued a “hold” rating for the company. Barclays downgraded shares of Fresnillo from an “equal weight” rating to a “strong sell” rating in a research report on Thursday, September 3rd. Finally, Zacks Research upgraded shares of Fresnillo from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Fresnillo currently has a consensus rating of “Reduce”.

Fresnillo Price Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 6.35 and a quick ratio of 5.59. The firm’s fifty day moving average price is $36.53 and its 200-day moving average price is $42.31.

About Fresnillo

Fresnillo plc is a Mexico-focused precious metals mining company that explores for, develops and operates mines. Its principal products are silver and gold, with lead and zinc also recovered as by-products at some operations. The company’s operating portfolio includes mines and processing facilities in several Mexican states, including operations in Zacatecas, Sonora, Chihuahua and Durango. Fresnillo also conducts exploration and development work to identify and advance mineral deposits, and has a joint venture interest in the Juanicipio mine in Zacatecas.