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Fresnillo (OTCMKTS:FNLPF) Shares Gap Up - Here's Why

Fresnillo logo with Basic Materials background

Key Points

  • Fresnillo PLC's stock price experienced a significant increase, opening at $31.09 after closing at $29.21.
  • Multiple research firms have downgraded Fresnillo's stock ratings, with UBS Group changing from a "strong-buy" to a "hold" and Peel Hunt also downgrading to a "hold" rating.
  • The company maintains a strong financial position with a debt-to-equity ratio of 0.20 and favorable current and quick ratios of 6.63 and 5.51 respectively.
  • MarketBeat previews the top five stocks to own by October 1st.

Fresnillo PLC (OTCMKTS:FNLPF - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $29.21, but opened at $31.09. Fresnillo shares last traded at $30.00, with a volume of 2,884 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FNLPF. UBS Group downgraded shares of Fresnillo from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 3rd. Peel Hunt lowered Fresnillo from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Finally, Royal Bank Of Canada reissued a "sector perform" rating on shares of Fresnillo in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".

Read Our Latest Report on Fresnillo

Fresnillo Price Performance

The business's 50-day simple moving average is $23.79 and its two-hundred day simple moving average is $18.15. The company has a current ratio of 6.63, a quick ratio of 5.51 and a debt-to-equity ratio of 0.20.

Fresnillo Company Profile

(Get Free Report)

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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