Fresnillo (OTCMKTS:FNLPF) Shares Gap Down – Should You Sell?

Fresnillo PLC (OTCMKTS:FNLPF) gapped down prior to trading on Monday. The stock had previously closed at $36.6940, but opened at $35.50. Fresnillo shares last traded at $35.49, with a volume of 575 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Scotiabank upgraded Fresnillo from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 16th. Zacks Research upgraded Fresnillo from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Jefferies Financial Group assumed coverage on Fresnillo in a research note on Monday, August 3rd. They set a “hold” rating on the stock. Finally, Barclays cut shares of Fresnillo from an “equal weight” rating to a “strong sell” rating in a report on Thursday, September 3rd. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

Fresnillo Price Performance

The stock has a 50-day moving average price of $39.53 and a 200 day moving average price of $40.87. The company has a debt-to-equity ratio of 0.15, a quick ratio of 5.59 and a current ratio of 6.35.

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.