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

Shares of Fresnillo PLC (OTCMKTS:FNLPF) gapped down before the market opened 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.

Analyst Ratings Changes

FNLPF has been the topic of several research reports. Jefferies Financial Group started coverage on Fresnillo in a research note on Monday, August 3rd. They set a “hold” rating on the stock. Zacks Research upgraded Fresnillo from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Scotiabank raised Fresnillo from a “strong sell” rating to a “hold” rating in a report on Thursday, July 16th. Finally, Barclays cut Fresnillo from an “equal weight” rating to a “strong sell” rating in a report on Thursday, September 3rd. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

Fresnillo Trading Down 0.9%

The business’s 50 day simple moving average is $36.53 and its 200-day simple moving average is $42.31. The company has a quick ratio of 5.59, a current ratio of 6.35 and a debt-to-equity ratio of 0.15.

Fresnillo Company Profile

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.