Fresnillo (LON:FRES) Shares Cross Above 200 Day Moving Average of $538.37

Fresnillo plc (LON:FRES) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 538.37 ($6.84) and traded as high as GBX 571.50 ($7.26). Fresnillo shares last traded at GBX 565 ($7.18), with a volume of 1,194,859 shares traded.

Analyst Upgrades and Downgrades

Several analysts have issued reports on FRES shares. Barclays dropped their target price on Fresnillo from GBX 630 ($8.01) to GBX 615 ($7.81) and set an “equal weight” rating for the company in a report on Tuesday, May 7th. Berenberg Bank increased their target price on Fresnillo from GBX 480 ($6.10) to GBX 570 ($7.24) and gave the stock a “hold” rating in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. increased their target price on Fresnillo from GBX 750 ($9.53) to GBX 800 ($10.17) and gave the stock an “overweight” rating in a research note on Tuesday, May 28th.

Fresnillo Trading Up 4.4 %

The company has a 50 day moving average of GBX 583.77 and a 200-day moving average of GBX 538.37. The company has a debt-to-equity ratio of 23.33, a quick ratio of 3.28 and a current ratio of 4.14. The stock has a market cap of £4.16 billion, a price-to-earnings ratio of 2,260.00, a price-to-earnings-growth ratio of -1.58 and a beta of 0.22.

Fresnillo Company Profile

Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. It operates through seven segments: Fresnillo, Saucito, Ciénega, Herradura, Noche Buena, San Julián, and Juanicipio. The company primarily explores for silver, gold, lead, and zinc concentrates. Its projects include the Fresnillo silver mine located in the state of Zacatecas; Saucito silver mine situated in the state of Zacatecas; Ciénega gold mine located in the state of Durango; Herradura gold mine situated in the state of Sonora; Noche Buena gold mine located in the state of Sonora; San Julián silver-gold mine situated on the border of Chihuahua/Durango states; and Juanicipio mine located in the state of Zacatecas.