Fresnillo (OTCMKTS:FNLPF) Shares Gap Down - Here's What Happened

Key Points

• Fresnillo PLC's shares gapped down from $35.35 to $33.20 before opening, with a subsequent last trade at $33.40.
• Recent analyst ratings for Fresnillo show a mix of revisions, including UBS Group downgrading to "hold" and Zacks raising to "strong-buy", resulting in an average rating of "hold".
• Fresnillo operates multiple mining segments in Mexico, focusing on the extraction of silver, gold, lead, and zinc concentrates.

Shares of Fresnillo PLC (OTCMKTS:FNLPF - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $35.35, but opened at $33.20. Fresnillo shares last traded at $33.40, with a volume of 7,933 shares.

Analyst Ratings Changes

FNLPF has been the subject of several research reports. UBS Group cut shares of Fresnillo from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 3rd. HSBC raised shares of Fresnillo to a "hold" rating in a research note on Monday. Citigroup reissued a "buy" rating on shares of Fresnillo in a research note on Friday, September 26th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Fresnillo in a research note on Monday, August 11th. Finally, Zacks Research raised shares of Fresnillo from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 19th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold".

Fresnillo Price Performance

The firm has a fifty day simple moving average of $28.35 and a 200-day simple moving average of $20.61. The company has a current ratio of 5.09, a quick ratio of 4.34 and a debt-to-equity ratio of 0.20.

About Fresnillo

Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. It operates through seven segments: Fresnillo, Saucito, Ciénega, Herradura, Noche Buena, San Julián, and Juanicipio. The company primarily explores for silver, gold, lead, and zinc concentrates. Its projects include the Fresnillo silver mine located in the state of Zacatecas; Saucito silver mine situated in the state of Zacatecas; Ciénega gold mine located in the state of Durango; Herradura gold mine situated in the state of Sonora; Noche Buena gold mine located in the state of Sonora; San Julián silver-gold mine situated on the border of Chihuahua/Durango states; and Juanicipio mine located in the state of Zacatecas.

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