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

Fresnillo PLC (OTCMKTS:FNLPF)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $39.53, but opened at $42.50. Fresnillo shares last traded at $43.87, with a volume of 1,097 shares traded.

Wall Street Analyst Weigh In

FNLPF has been the subject of a number of research reports. Scotiabank raised shares of Fresnillo from a “strong sell” rating to a “hold” rating in a report on Thursday, July 16th. Zacks Research lowered Fresnillo from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. Finally, Jefferies Financial Group assumed coverage on Fresnillo in a research report on Monday, August 3rd. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

Fresnillo Stock Up 3.9%

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 firm has a fifty day moving average price of $37.30 and a 200 day moving average price of $43.81.

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.