Fresnillo (LON:FRES) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Fresnillo plc (LON:FRES) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 traded.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FRES. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Fresnillo in a research report on Friday, November 22nd. Berenberg Bank raised their price objective on shares of Fresnillo from GBX 620 ($7.59) to GBX 720 ($8.81) and gave the stock a “hold” rating in a report on Thursday, October 24th.

Fresnillo Trading Up 2.2 %

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 firm has a fifty day simple moving average of GBX 655.49 and a two-hundred day simple moving average of GBX 617.56. The firm has a market capitalization of £5.01 billion, a P/E ratio of 2,835.42, a price-to-earnings-growth 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.