Fresnillo (OTCMKTS:FNLPF) Shares Gap Up on Analyst Upgrade

Shares of Fresnillo PLC (OTCMKTS:FNLPF) gapped up prior to trading on Friday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock had previously closed at $38.37, but opened at $40.1250. Fresnillo shares last traded at $40.40, with a volume of 796 shares changing hands.

Separately, Citigroup reissued a “buy” rating on shares of Fresnillo in a research note on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fresnillo has a consensus rating of “Hold”.

Fresnillo Trading Up 3.7%

The company has a fifty day moving average price of $45.43 and a two-hundred day moving average price of $46.25. The company has a current ratio of 4.35, a quick ratio of 3.88 and a debt-to-equity ratio of 0.17.

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.