Fresnillo (OTCMKTS:FNLPF) Shares Gap Up – Here’s Why

Fresnillo PLC (OTCMKTS:FNLPF) shares 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 changing hands.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on FNLPF shares. Zacks Research raised Fresnillo from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. Morgan Stanley reiterated an “underweight” rating on shares of Fresnillo in a research report on Tuesday. Scotiabank cut shares of Fresnillo from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 23rd. Citigroup restated a “buy” rating on shares of Fresnillo in a research note on Monday, November 24th. Finally, HSBC upgraded shares of Fresnillo to a “hold” rating in a research note on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Fresnillo has an average rating of “Hold”.

Fresnillo Stock Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.34 and a current ratio of 5.09. The firm’s 50-day simple moving average is $33.16 and its 200 day simple moving average is $26.96.

Fresnillo Company Profile

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.