Fresnillo (OTCMKTS:FNLPF) Trading Down 6.5% – What’s Next?
by Amy Steele · The Cerbat GemFresnillo PLC (OTCMKTS:FNLPF – Get Free Report) fell 6.5% during mid-day trading on Wednesday . The company traded as low as $45.37 and last traded at $46.43. 14,678 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 24,868 shares. The stock had previously closed at $49.67.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on FNLPF shares. Morgan Stanley reiterated an “underweight” rating on shares of Fresnillo in a research note on Tuesday, December 16th. Zacks Research downgraded shares of Fresnillo from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 23rd. HSBC upgraded Fresnillo to a “hold” rating in a research note on Monday, October 13th. Scotiabank downgraded Fresnillo from a “hold” rating to a “strong sell” rating in a report on Thursday, October 23rd. Finally, Hsbc Global Res raised Fresnillo from a “moderate sell” rating to a “hold” rating in a research report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.
Read Our Latest Analysis on FNLPF
Fresnillo Stock Down 1.2%
The company has a debt-to-equity ratio of 0.20, a current ratio of 5.09 and a quick ratio of 4.34. The business has a 50-day moving average of $37.20 and a 200-day moving average of $29.48.
About Fresnillo
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.