Fresnillo (LON:FRES) Stock Crosses 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 Thursday . The stock has a 200-day moving average of GBX 3,022.45 and traded as high as GBX 3,244. Fresnillo shares last traded at GBX 3,172, with a volume of 2,907,148 shares changing hands.

Analysts Set New Price Targets

Several research analysts recently commented on FRES shares. Berenberg Bank lowered shares of Fresnillo to a “hold” rating and boosted their price objective for the stock from GBX 3,400 to GBX 3,800 in a research note on Thursday, February 5th. Citigroup raised their target price on shares of Fresnillo from GBX 4,000 to GBX 4,600 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Finally, JPMorgan Chase & Co. cut 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 analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of GBX 3,348.

Fresnillo Stock Performance

The firm has a market cap of £23.37 billion, a price-to-earnings ratio of 51.33, a P/E/G ratio of -1.58 and a beta of 0.60. The company has a debt-to-equity ratio of 18.37, a current ratio of 4.35 and a quick ratio of 3.28. The firm has a fifty day simple moving average of GBX 3,766.03 and a two-hundred day simple moving average of GBX 3,022.45.

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.