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Fresnillo (OTCMKTS:FNLPF) Shares Down 5.6% - Time to Sell?

Fresnillo logo with Basic Materials background

Fresnillo PLC (OTCMKTS:FNLPF - Get Free Report)'s stock price traded down 5.6% during mid-day trading on Wednesday . The company traded as low as $19.39 and last traded at $19.39. 1,364 shares changed hands during trading, a decline of 89% from the average session volume of 12,137 shares. The stock had previously closed at $20.55.

Wall Street Analysts Forecast Growth

FNLPF has been the topic of several recent research reports. Berenberg Bank raised shares of Fresnillo from a "hold" rating to a "strong-buy" rating in a report on Friday, March 7th. Peel Hunt upgraded Fresnillo from a "hold" rating to a "moderate buy" rating in a research note on Friday, April 11th. Finally, Royal Bank Of Canada downgraded Fresnillo from a "moderate buy" rating to a "hold" rating in a research report on Thursday, March 13th.

Check Out Our Latest Stock Analysis on Fresnillo

Fresnillo Stock Performance

The firm's fifty day simple moving average is $16.37 and its 200 day simple moving average is $12.24. The company has a quick ratio of 5.51, a current ratio of 6.63 and a debt-to-equity ratio of 0.20.

About Fresnillo

(Get Free Report)

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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