Fresnillo (OTCMKTS:FNLPF) Stock Price Down 9.7% - Here's Why

Key Points

• Fresnillo fell 9.7% intraday, trading as low as $52.26 and last at $53.1225 versus a prior close of $58.84, with volume of ~40,745 shares—about 21% above average.
• Analyst views are mixed (2 Strong Buy, 1 Buy, 5 Hold, 2 Sell), giving a consensus rating of Hold, with recent notable moves including HSBC upgrading to Hold and Scotiabank downgrading to Strong Sell.
• The stock remains above its 50- and 200-day simple moving averages ($43.70 and $32.82) and the company shows low leverage and strong liquidity (debt/equity 0.20, quick ratio 4.34, current ratio 5.09).

Fresnillo PLC (OTCMKTS:FNLPF - Get Free Report)'s share price fell 9.7% during trading on Thursday . The stock traded as low as $52.26 and last traded at $53.1225. 40,745 shares traded hands during mid-day trading, an increase of 21% from the average session volume of 33,809 shares. The stock had previously closed at $58.84.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FNLPF. Hsbc Global Res upgraded Fresnillo from a "moderate sell" rating to a "hold" rating in a research report on Monday, October 13th. Scotiabank downgraded shares of Fresnillo from a "hold" rating to a "strong sell" rating in a research note on Thursday, October 23rd. Morgan Stanley reissued an "underweight" rating on shares of Fresnillo in a research note on Monday, January 12th. HSBC upgraded shares of Fresnillo to a "hold" rating in a report on Monday, October 13th. Finally, Zacks Research upgraded Fresnillo from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, Fresnillo currently has a consensus rating of "Hold".

Fresnillo Trading Down 8.1%

The stock's 50 day simple moving average is $43.70 and its 200-day simple moving average is $32.82. 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 is a precious metals mining company focused on the production, exploration and development of silver and gold. The company is widely recognized as a leading primary silver producer and a significant gold producer, operating in the mining sector with activities that span underground and open-pit mining, mineral processing and concentrator operations. Fresnillo's business centers on bringing mined ore through processing to produce saleable precious metal products for industrial and investment markets.

Operationally, the company manages a portfolio of producing mines and development projects, with exploration programs intended to extend mine life and expand resource bases.

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