Fresnillo (OTCMKTS:FNLPF) Trading Down 1.2% - Should You Sell?

Key Points

• Fresnillo PLC's stock price declined by 1.2% during mid-day trading, dropping to $22.80 from a prior close of $23.07.
• UBS Group downgraded Fresnillo from a "strong-buy" to a "hold" rating, while Royal Bank of Canada maintained a "sector perform" rating on the stock.
• The company's financial metrics include a current ratio of 6.63 and a debt-to-equity ratio of 0.20, indicating a strong liquidity position.

Shares of Fresnillo PLC (OTCMKTS:FNLPF - Get Free Report) fell 1.2% on Friday . The company traded as low as $22.62 and last traded at $22.80. 11,023 shares were traded during mid-day trading, an increase of 28% from the average session volume of 8,605 shares. The stock had previously closed at $23.07.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FNLPF. Royal Bank Of Canada restated a "sector perform" rating on shares of Fresnillo in a report on Monday, August 11th. UBS Group downgraded Fresnillo from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 3rd. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy".

Fresnillo Price Performance

The business has a 50-day moving average of $20.28 and a 200-day moving average of $15.20. 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

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.