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

Fresnillo plc (LON:FRES) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,980.69 and traded as high as GBX 3,496. Fresnillo shares last traded at GBX 3,302, with a volume of 2,759,853 shares trading hands.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Citigroup increased their price objective on shares of Fresnillo from GBX 4,000 to GBX 4,600 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Berenberg Bank downgraded shares of Fresnillo to a “hold” rating and boosted their target price for the company from GBX 3,400 to GBX 3,800 in a research report on Thursday, February 5th. Finally, JPMorgan Chase & Co. lowered their price target 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. Two investment 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, Fresnillo presently has a consensus rating of “Hold” and an average target price of GBX 3,348.

Fresnillo Stock Performance

The company has a market capitalization of £24.33 billion, a PE ratio of 53.43, a PEG ratio of -1.58 and a beta of 0.60. The firm has a 50-day moving average of GBX 3,826.63 and a two-hundred day moving average of GBX 2,980.69. The company has a quick ratio of 3.28, a current ratio of 4.35 and a debt-to-equity ratio of 18.37.

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.