Fresnillo (OTCMKTS:FNLPF) Stock Price Down 1.6% - Here's What Happened

Key Points

• Fresnillo PLC's stock price fell by 1.6% to last trade at $19.35, amid increased trading volume of 9,648 shares.
• Analysts have mixed views on Fresnillo, with one firm upgrading the stock from "hold" to "moderate buy," while another downgraded it from "strong-buy" to "hold," resulting in a consensus rating of "Buy."
• The company's financial health appears strong, highlighted by a current ratio of 6.63 and a low debt-to-equity ratio of 0.20.

Shares of Fresnillo PLC (OTCMKTS:FNLPF - Get Free Report) were down 1.6% during trading on Friday . The company traded as low as $18.70 and last traded at $19.35. Approximately 9,648 shares changed hands during trading, an increase of 28% from the average daily volume of 7,564 shares. The stock had previously closed at $19.65.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FNLPF. Peel Hunt upgraded shares of Fresnillo from a "hold" rating to a "moderate buy" rating in a research note on Friday, April 11th. UBS Group cut shares of Fresnillo from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 3rd. Two analysts have rated the stock with a hold rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Fresnillo currently has a consensus rating of "Buy".

Fresnillo Stock Performance

The company's 50-day moving average price is $18.54 and its two-hundred day moving average price is $13.63. 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.

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