Fresnillo (LON:FRES) Shares Pass Above 200-Day Moving Average – What’s Next?

Fresnillo plc (LON:FRES) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 617.56 ($7.56) and traded as high as GBX 670.27 ($8.20). Fresnillo shares last traded at GBX 666 ($8.15), with a volume of 1,485,929 shares trading hands.

Analyst Ratings Changes

FRES has been the subject of several analyst reports. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Fresnillo in a report on Friday, November 22nd. Berenberg Bank increased their target price on Fresnillo from GBX 620 ($7.59) to GBX 720 ($8.81) and gave the stock a “hold” rating in a research report on Thursday, October 24th.

Fresnillo Stock Performance

The business’s fifty day moving average price is GBX 655.49 and its 200-day moving average price is GBX 617.56. The company has a debt-to-equity ratio of 21.66, a current ratio of 5.88 and a quick ratio of 3.28. The stock has a market capitalization of £5.01 billion, a PE ratio of 2,835.42, a P/E/G ratio of -1.58 and a beta of 0.15.

About Fresnillo

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.