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

Fresnillo plc (LON:FRES) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,876.26 and traded as high as GBX 2,770. Fresnillo shares last traded at GBX 2,725.31, with a volume of 510,525 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FRES. Canaccord Genuity Group lifted their target price on Fresnillo from GBX 980 to GBX 2,440 and gave the stock a “hold” rating in a report on Friday, October 17th. Citigroup lifted their price objective on Fresnillo from GBX 2,700 to GBX 3,000 and gave the stock a “buy” rating in a research note on Monday, November 24th. Berenberg Bank reiterated a “buy” rating and set a GBX 2,600 target price on shares of Fresnillo in a research report on Tuesday, November 4th. Finally, Royal Bank Of Canada raised their target price on shares of Fresnillo from GBX 1,200 to GBX 1,400 and gave the company a “sector perform” rating in a report on Monday, August 11th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,308.

Fresnillo Price Performance

The firm has a 50 day moving average price of GBX 2,380.89 and a 200-day moving average price of GBX 1,876.26. The company has a current ratio of 5.88, a quick ratio of 3.28 and a debt-to-equity ratio of 23.55. The firm has a market capitalization of £20.08 billion, a P/E ratio of 44.10, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15.

Fresnillo Company Profile

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.