Fresnillo (LON:FRES) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Fresnillo plc (LON:FRES) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,712.57 and traded as high as GBX 3,982. Fresnillo shares last traded at GBX 3,854, with a volume of 1,462,357 shares.

Analyst Upgrades and Downgrades

FRES has been the subject of a number of research analyst reports. Berenberg Bank cut Fresnillo to a “hold” rating and upped their target price for the company from GBX 3,400 to GBX 3,800 in a research report on Thursday, February 5th. JPMorgan Chase & Co. reduced their price objective on Fresnillo from GBX 4,700 to GBX 4,500 and set an “overweight” rating for the company in a research note on Monday, February 2nd. Finally, Citigroup raised their target price on shares of Fresnillo from GBX 4,000 to GBX 4,600 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Fresnillo presently has an average rating of “Hold” and a consensus price target of GBX 3,348.

Fresnillo Trading Down 0.3%

The company has a 50 day simple moving average of GBX 3,640.04 and a 200 day simple moving average of GBX 2,720.91. The company has a current ratio of 5.88, a quick ratio of 3.28 and a debt-to-equity ratio of 23.55. The stock has a market capitalization of £28.40 billion, a PE ratio of 62.36, a P/E/G ratio of -1.58 and a beta of 0.15.

Fresnillo Company Profile

Fresnillo plc is the world’s largest silver producer and Mexico’s largest gold producer, listed on the London and Mexican stock exchanges.
The Group seeks to create value for stakeholders across precious metal cycles, focusing on high-potential silver and gold projects that can be developed into low cost, world-class mines.
Following a decade of consistent and successful progress, the Group is now focused on consolidating its growth and advancing its pipeline in order to deliver further growth in the years ahead.