Fresnillo (OTCMKTS:FNLPF) Shares Gap Up - Should You Buy?
Fresnillo PLC's stock price increased from $30.77 to $32.0060. Analysts have mixed ratings: Scotiabank downgraded to "strong sell," Zacks upgraded to "strong-buy," and others have varied between "hold" and "buy." The consensus rating is "Hold." Fresnillo operates in Mexico, focusing on silver and gold mining. Despite the stock's rise, top analysts suggest better investment options exist.
Fresnillo PLC (OTCMKTS:FNLPF - Get Free Report)'s stock price gapped up before the market opened on Thursday . The stock had previously closed at $30.77, but opened at $32.0060. Fresnillo shares last traded at $32.0060, with a volume of 655 shares trading hands.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on FNLPF shares. Scotiabank cut Fresnillo from a "hold" rating to a "strong sell" rating in a report on Thursday, October 23rd. Zacks Research raised shares of Fresnillo from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 19th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Fresnillo in a research report on Monday, August 11th. Peel Hunt downgraded Fresnillo from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Finally, Hsbc Global Res upgraded shares of Fresnillo from a "moderate sell" rating to a "hold" rating in a report on Monday, October 13th. Two investment 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold".
Read Our Latest Research Report on FNLPF
Fresnillo Stock Performance
The company has a 50 day simple moving average of $30.55 and a 200-day simple moving average of $22.97. The company has a quick ratio of 4.34, a current ratio of 5.09 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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