Fresnillo (LON:FRES) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Fresnillo plc (LON:FRESGet Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,980.69 and traded as high as GBX 3,496. Fresnillo shares last traded at GBX 3,302, with a volume of 2,759,853 shares.

Analyst Ratings Changes

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

Read Our Latest Stock Report on FRES

Fresnillo Trading Down 0.6%

The firm has a market cap of £24.33 billion, a price-to-earnings ratio of 53.43, a price-to-earnings-growth ratio of -1.58 and a beta of 0.60. The company’s 50-day moving average price is GBX 3,826.63 and its 200-day moving average price is GBX 2,980.69. The company has a quick ratio of 3.28, a current ratio of 4.35 and a debt-to-equity ratio of 18.37.

About Fresnillo

(Get Free Report)

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.

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