Fresnillo (OTCMKTS:FNLPF) Shares Gap Up on Analyst Upgrade

Fresnillo PLC (OTCMKTS:FNLPF) gapped up before the market opened on Friday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock had previously closed at $38.37, but opened at $40.1250. Fresnillo shares last traded at $40.40, with a volume of 796 shares.

Separately, Citigroup reissued a “buy” rating on shares of Fresnillo in a report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Fresnillo Trading Up 3.7%

The company has a quick ratio of 3.88, a current ratio of 4.35 and a debt-to-equity ratio of 0.17. The business’s 50 day simple moving average is $45.43 and its 200-day simple moving average is $46.25.

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.