Fresnillo (OTCMKTS:FNLPF) Stock Price Down 9.5% - Should You Sell?

Key Points

• Fresnillo PLC shares fell by 9.5%, trading at approximately $32.00 after a significant drop from the previous close of $35.35.
• Brokerages have mixed opinions on Fresnillo, with HSBC upgrading the stock to a "hold" rating, while Peel Hunt downgraded it to "hold" from "moderate buy".
• The company operates mining projects primarily in Mexico, focusing on silver, gold, lead, and zinc concentrates across seven mining segments.

Shares of Fresnillo PLC (OTCMKTS:FNLPF - Get Free Report) dropped 9.5% during mid-day trading on Monday . The stock traded as low as $31.51 and last traded at $32.00. Approximately 7,046 shares changed hands during trading, a decline of 43% from the average daily volume of 12,285 shares. The stock had previously closed at $35.35.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FNLPF. HSBC raised Fresnillo to a "hold" rating in a report on Monday, October 13th. Citigroup reiterated a "buy" rating on shares of Fresnillo in a report on Friday, September 26th. Zacks Research upgraded Fresnillo from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 19th. Peel Hunt downgraded shares of Fresnillo from a "moderate buy" rating to a "hold" rating in a report on Tuesday, August 19th. Finally, UBS Group lowered 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 Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold".

Fresnillo Price Performance

The company has a 50-day moving average price of $28.54 and a 200-day moving average price of $20.87. 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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