Fresnillo (LON:FRES) Stock Passes Above 200 Day Moving Average – What’s Next?

Fresnillo plc (LON:FRES)’s stock price 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.

Analyst Ratings Changes

A number of analysts have weighed in on FRES shares. Berenberg Bank upped their target price on 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. JPMorgan Chase & Co. restated an “overweight” rating on shares of Fresnillo in a research note on Friday, November 22nd.

Fresnillo Price Performance

The company has a market cap of £5.01 billion, a PE ratio of 2,835.42, a PEG ratio of -1.58 and a beta of 0.15. 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 stock’s 50-day moving average is GBX 655.49 and its 200 day moving average is GBX 617.56.

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.