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

Shares of Fresnillo PLC (OTCMKTS:FNLPF) gapped down prior to trading on Monday. The stock had previously closed at $31.75, but opened at $30.37. Fresnillo shares last traded at $30.37, with a volume of 103 shares changing hands.

Analyst Ratings Changes

FNLPF has been the topic of several analyst reports. Scotiabank raised Fresnillo from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 16th. Barclays lowered Fresnillo from an “equal weight” rating to a “strong sell” rating in a research report on Thursday, September 3rd. Zacks Research upgraded Fresnillo from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Jefferies Financial Group assumed coverage on shares of Fresnillo in a report on Monday, August 3rd. They set a “hold” rating on the stock. One 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 data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Fresnillo Price Performance

The company has a quick ratio of 5.59, a current ratio of 6.35 and a debt-to-equity ratio of 0.15. The firm has a fifty day moving average price of $37.45 and a 200-day moving average price of $42.78.

About Fresnillo

Fresnillo plc is a Mexico-focused precious metals mining company that explores for, develops, and produces silver and gold. Its operations include underground and open-pit mines, processing facilities, and exploration projects, with production primarily consisting of silver-bearing concentrates, doré and related mineral products.

The company operates in Mexico, including the states of Zacatecas, Durango and Sonora. Its portfolio has included the Fresnillo, Saucito, San Julián, Ciénega and Herradura mines, as well as the Juanicipio silver-gold project, which Fresnillo operates in partnership with MAG Silver.