Fresnillo (OTCMKTS:FNLPF) Shares Gap Up – Time to Buy?

Fresnillo PLC (OTCMKTS:FNLPF)’s share price gapped up before the market opened on Friday . The stock had previously closed at $39.9470, but opened at $41.84. Fresnillo shares last traded at $41.8714, with a volume of 4,404 shares.

Analyst Ratings Changes

Several equities analysts recently commented on FNLPF shares. Scotiabank lowered Fresnillo from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 23rd. Hsbc Global Res raised shares of Fresnillo from a “moderate sell” rating to a “hold” rating in a research note on Monday, October 13th. Zacks Research upgraded shares of Fresnillo from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. Morgan Stanley restated an “underweight” rating on shares of Fresnillo in a report on Tuesday. Finally, Citigroup reaffirmed a “buy” rating on shares of Fresnillo in a research report on Monday, November 24th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Fresnillo Stock Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 5.09 and a quick ratio of 4.34. The company’s fifty day moving average is $32.93 and its 200 day moving average is $26.71.

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.