Fresnillo (OTCMKTS:FNLPF) Shares Gap Up – Time to Buy?

Fresnillo PLC (OTCMKTS:FNLPF) shares gapped up prior to trading on Friday . The stock had previously closed at $36.3650, but opened at $38.00. Fresnillo shares last traded at $38.00, with a volume of 869 shares trading hands.

Wall Street Analyst Weigh In

FNLPF has been the topic of a number of recent analyst reports. Zacks Research raised Fresnillo from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 11th. Citigroup reissued a “buy” rating on shares of Fresnillo in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Fresnillo Stock Up 4.9%

The company has a debt-to-equity ratio of 0.17, a current ratio of 4.35 and a quick ratio of 3.88. The business’s 50 day moving average is $44.10 and its 200 day moving average is $46.61.

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.