Fresnillo (OTCMKTS:FNLPF) Shares Gap Up – Should You Buy?

Shares of Fresnillo PLC (OTCMKTS:FNLPF) gapped up before the market opened on Friday . The stock had previously closed at $43.98, but opened at $45.48. Fresnillo shares last traded at $44.61, with a volume of 3,921 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Morgan Stanley reaffirmed an “underweight” rating on shares of Fresnillo in a research note on Tuesday, December 16th. Zacks Research cut Fresnillo from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 23rd. HSBC upgraded Fresnillo to a “hold” rating in a research note on Monday, October 13th. Scotiabank lowered shares of Fresnillo from a “hold” rating to a “strong sell” rating in a report on Thursday, October 23rd. Finally, Citigroup reissued a “buy” rating on shares of Fresnillo in a report on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Fresnillo presently has a consensus rating of “Hold”.

Fresnillo Price Performance

The company’s 50-day simple moving average is $34.14 and its 200 day simple moving average is $27.87. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.34 and a current ratio of 5.09.

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.