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

Fresnillo plc (LON:FRES)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3,022.45 and traded as high as GBX 3,244. Fresnillo shares last traded at GBX 3,172, with a volume of 2,907,148 shares traded.

Analyst Ratings Changes

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

Fresnillo Trading Down 4.3%

The stock has a 50-day moving average of GBX 3,766.03 and a 200 day moving average of GBX 3,022.45. The company has a quick ratio of 3.28, a current ratio of 4.35 and a debt-to-equity ratio of 18.37. The stock has a market cap of £23.37 billion, a PE ratio of 51.33, a price-to-earnings-growth ratio of -1.58 and a beta of 0.60.

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.