Fresnillo (OTCMKTS:FNLPF) Shares Gap Down – Here’s Why
by Jessica Moore · The Cerbat GemFresnillo PLC (OTCMKTS:FNLPF – Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $50.19, but opened at $47.00. Fresnillo shares last traded at $47.00, with a volume of 379 shares.
Analyst Ratings Changes
FNLPF has been the topic of several research analyst reports. Berenberg Bank cut shares of Fresnillo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Citigroup reissued a “buy” rating on shares of Fresnillo in a research report on Monday, April 13th. Zacks Research raised shares of Fresnillo from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 22nd. Finally, Morgan Stanley reissued an “underweight” rating on shares of Fresnillo in a research report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold”.
Get Our Latest Research Report on Fresnillo
Fresnillo Stock Performance
The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.88 and a current ratio of 4.35. The business’s 50-day simple moving average is $48.45 and its two-hundred day simple moving average is $42.89.
About Fresnillo
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.