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

Fresnillo PLC (OTCMKTS:FNLPF)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $44.7150, but opened at $48.50. Fresnillo shares last traded at $46.50, with a volume of 2,901 shares traded.

Wall Street Analyst Weigh In

FNLPF has been the subject of a number of research reports. Hsbc Global Res raised Fresnillo from a “moderate sell” rating to a “hold” rating in a research note on Monday, October 13th. Scotiabank downgraded Fresnillo from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 23rd. Morgan Stanley reiterated an “underweight” rating on shares of Fresnillo in a research note on Tuesday, December 16th. HSBC raised shares of Fresnillo to a “hold” rating in a research note on Monday, October 13th. Finally, Citigroup reaffirmed a “buy” rating on shares of Fresnillo in a research note on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Fresnillo Price Performance

The firm has a 50 day moving average price of $35.36 and a 200-day moving average price of $28.52. The company has a debt-to-equity ratio of 0.20, a current ratio of 5.09 and a quick ratio of 4.34.

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.