Fresnillo (OTCMKTS:FNLPF) Shares Gap Up - Should You Buy?

Key Points

• Fresnillo PLC shares gapped up from $31.10 to $32.40 before closing at $31.95, indicating increased market interest with a trading volume of 5,341 shares.
• Analyst ratings have mixed sentiments, with two giving a Strong Buy rating, one a Buy, and three a Hold, resulting in an average rating of "Moderate Buy."
• The company's financial health is strong, evidenced by a debt-to-equity ratio of 0.20 and a current ratio of 5.09, suggesting solid liquidity.

Shares of Fresnillo PLC (OTCMKTS:FNLPF - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $31.10, but opened at $32.40. Fresnillo shares last traded at $31.95, with a volume of 5,341 shares traded.

Analyst Ratings Changes

Several brokerages have recently issued reports on FNLPF. Peel Hunt cut Fresnillo from a "moderate buy" rating to a "hold" rating in a report on Tuesday, August 19th. UBS Group cut Fresnillo from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 3rd. Zacks Research raised Fresnillo from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 19th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Fresnillo in a research note on Monday, August 11th. Finally, Citigroup reissued a "buy" rating on shares of Fresnillo in a research note on Friday, September 26th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

Fresnillo Trading Up 2.6%

The company has a 50 day simple moving average of $26.44 and a two-hundred day simple moving average of $19.62. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.34 and a current ratio of 5.09.

Fresnillo Company Profile

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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