Fresnillo (OTCMKTS:FNLPF) Shares Gap Up – Still a Buy?

Fresnillo PLC (OTCMKTS:FNLPF)’s share price gapped up before the market opened on Friday . 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 traded.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on FNLPF shares. Zacks Research lowered Fresnillo from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Citigroup reaffirmed a “buy” rating on shares of Fresnillo in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Fresnillo Stock Performance

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 firm has a 50-day moving average of $45.55 and a two-hundred day moving average of $46.29.

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.