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

Shares of Fresnillo PLC (OTCMKTS:FNLPF) gapped up prior to trading on Friday . The stock had previously closed at $40.05, but opened at $42.23. Fresnillo shares last traded at $42.1735, with a volume of 209 shares changing hands.

Wall Street Analyst Weigh In

FNLPF has been the subject of a number of recent research reports. Barclays cut Fresnillo from an “equal weight” rating to a “strong sell” rating in a report on Thursday, September 3rd. Scotiabank raised Fresnillo from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 16th. Jefferies Financial Group began coverage on Fresnillo in a research report on Monday, August 3rd. They issued a “hold” rating on the stock. Finally, Zacks Research lowered Fresnillo from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

Fresnillo Trading Up 5.3%

The company has a debt-to-equity ratio of 0.17, a current ratio of 4.35 and a quick ratio of 3.88. The stock’s 50-day simple moving average is $38.21 and its 200 day simple moving average is $42.80.

Fresnillo Company Profile

Fresnillo plc is a precious-metals mining company focused on the exploration, development and operation of mines in Mexico. The company primarily produces silver and gold, with lead and zinc recovered as byproducts from certain operations. Its activities include geological exploration, mine development, ore processing and the sale of refined and payable metals.

Fresnillo’s operating portfolio includes the Fresnillo, Saucito, Ciénega, Herradura and San Julián mines, as well as the Juanicipio mine, which it operates in partnership with MAG Silver.