Fresnillo (OTCMKTS:FNLPF) Shares Gap Down – Here’s Why

Fresnillo PLC (OTCMKTS:FNLPF)’s share price gapped down before the market opened on Tuesday. The stock had previously closed at $37.67, but opened at $35.81. Fresnillo shares last traded at $36.31, with a volume of 1,141 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on FNLPF shares. Zacks Research downgraded Fresnillo from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Barclays lowered Fresnillo from an “equal weight” rating to a “strong sell” rating in a research note on Thursday, September 3rd. Scotiabank raised shares of Fresnillo from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 16th. Finally, Jefferies Financial Group assumed coverage on shares of Fresnillo in a research note on Monday, August 3rd. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Fresnillo currently has a consensus rating of “Reduce”.

Fresnillo Price Performance

The company has a 50 day moving average price of $39.21 and a 200 day moving average price of $41.66. The company has a debt-to-equity ratio of 0.15, a current ratio of 6.35 and a quick ratio of 5.59.

Fresnillo Company Profile

Fresnillo plc (OTCMKTS:FNLPF) is a Mexico-based precious metals mining company focused on the exploration, development and production of silver and gold. The company is one of the world’s significant primary silver producers and also produces gold, lead and zinc as by-products of its mining operations.

Fresnillo operates a portfolio of mines and processing facilities in Mexico, including the Fresnillo, Saucito, Ciénega, Herradura, San Julián and Noche Buena mines. It also holds a majority interest in the Juanicipio silver-gold mine, which is operated in partnership with MAG Silver.