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

Shares of Fresnillo plc (LON:FRES) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 trading hands.

Analyst Ratings Changes

FRES has been the topic of a number of research reports. Citigroup boosted their target price on shares of Fresnillo from GBX 4,000 to GBX 4,600 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Berenberg Bank downgraded shares of Fresnillo to a “hold” rating and increased their target price for the company from GBX 3,400 to GBX 3,800 in a research note on Thursday, February 5th. Finally, JPMorgan Chase & Co. dropped their price target on shares of 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. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of GBX 3,348.

Fresnillo Trading Down 0.3%

The stock has a market capitalization of £28.40 billion, a P/E ratio of 62.36, a PEG ratio of -1.58 and a beta of 0.15. The stock’s fifty day moving average price is GBX 3,640.04 and its 200 day moving average price is GBX 2,712.57. The company has a debt-to-equity ratio of 23.55, a current ratio of 5.88 and a quick ratio of 3.28.

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.