Fresnillo (OTCMKTS:FNLPF) Shares Down 9.7% – Should You Sell?

Fresnillo PLC (OTCMKTS:FNLPF) shares were down 9.7% during trading on Thursday . The stock traded as low as $52.26 and last traded at $53.1225. Approximately 40,745 shares were traded during mid-day trading, an increase of 21% from the average daily volume of 33,809 shares. The stock had previously closed at $58.84.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FNLPF. Hsbc Global Res upgraded Fresnillo from a “moderate sell” rating to a “hold” rating in a report on Monday, October 13th. Scotiabank lowered Fresnillo from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 23rd. Citigroup restated a “buy” rating on shares of Fresnillo in a research note on Wednesday, January 14th. HSBC raised shares of Fresnillo to a “hold” rating in a research note on Monday, October 13th. Finally, Zacks Research raised shares of Fresnillo from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Fresnillo presently has a consensus rating of “Hold”.

Fresnillo Price Performance

The firm’s 50 day moving average is $44.53 and its two-hundred day moving average is $33.15. The company has a quick ratio of 4.34, a current ratio of 5.09 and a debt-to-equity ratio of 0.20.

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.