Fresnillo (OTCMKTS:FNLPF) Shares Gap Up – Still a Buy?

Fresnillo PLC (OTCMKTS:FNLPF)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $29.21, but opened at $31.09. Fresnillo shares last traded at $30.00, with a volume of 2,884 shares changing hands.

Wall Street Analyst Weigh In

FNLPF has been the subject of several analyst reports. Peel Hunt cut shares of Fresnillo from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Fresnillo in a research note on Monday, August 11th. Finally, UBS Group cut shares of Fresnillo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 3rd. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Fresnillo currently has a consensus rating of “Moderate Buy”.

Fresnillo Price Performance

The stock has a 50 day moving average of $23.56 and a 200 day moving average of $17.95. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.63 and a quick ratio of 5.51.

About Fresnillo

Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. It operates through seven segments: Fresnillo, Saucito, Ciénega, Herradura, Noche Buena, San Julián, and Juanicipio. The company primarily explores for silver, gold, lead, and zinc concentrates. Its projects include the Fresnillo silver mine located in the state of Zacatecas; Saucito silver mine situated in the state of Zacatecas; Ciénega gold mine located in the state of Durango; Herradura gold mine situated in the state of Sonora; Noche Buena gold mine located in the state of Sonora; San Julián silver-gold mine situated on the border of Chihuahua/Durango states; and Juanicipio mine located in the state of Zacatecas.