Fresnillo (OTCMKTS:FNLPF) Stock Price Down 10.3% – Here’s What Happened

Fresnillo PLC (OTCMKTS:FNLPF)’s share price fell 10.3% on Monday . The company traded as low as $44.7901 and last traded at $44.7901. 545 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 16,490 shares. The stock had previously closed at $49.9550.

Analyst Upgrades and Downgrades

FNLPF has been the subject of several recent research reports. Berenberg Bank cut Fresnillo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Citigroup reissued a “buy” rating on shares of Fresnillo in a research note on Monday, April 13th. Finally, Zacks Research lowered Fresnillo from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce”.

Fresnillo Price Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.88 and a current ratio of 4.35. The stock has a 50 day simple moving average of $46.34 and a 200-day simple moving average of $44.81.

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.