Fresnillo (OTCMKTS:FNLPF) Shares Gap Down – Here’s What Happened

Shares of Fresnillo PLC (OTCMKTS:FNLPF) gapped down prior to trading on Friday . The stock had previously closed at $34.00, but opened at $31.75. Fresnillo shares last traded at $32.33, with a volume of 450 shares trading hands.

Analyst Upgrades and Downgrades

FNLPF has been the topic of several analyst reports. Zacks Research cut shares of Fresnillo from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. Citigroup reissued a “buy” rating on shares of Fresnillo in a research report on Monday, April 13th. Finally, Scotiabank raised shares of Fresnillo from a “strong sell” rating to a “hold” rating in a research note on Thursday. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Fresnillo presently has a consensus rating of “Hold”.

Fresnillo Stock Down 0.2%

The company has a 50 day moving average of $40.79 and a 200 day moving average of $46.11. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.35 and a quick ratio of 3.88.

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.