Fresnillo (LON:FRES) Shares Cross Above 200 Day Moving Average – Time to Sell?

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 2,611.83 and traded as high as GBX 3,996. Fresnillo shares last traded at GBX 3,768, with a volume of 60,715,535 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on FRES shares. JPMorgan Chase & Co. decreased 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. Berenberg Bank lowered Fresnillo to a “hold” rating and upped their target price for the stock from GBX 3,400 to GBX 3,800 in a research note on Thursday, February 5th. Citigroup lifted their price target on Fresnillo from GBX 4,000 to GBX 4,600 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Finally, Canaccord Genuity Group boosted their price objective on Fresnillo from GBX 980 to GBX 2,440 and gave the stock a “hold” rating in a report on Friday, October 17th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of GBX 3,348.

Fresnillo Stock Up 0.4%

The company has a quick ratio of 3.28, a current ratio of 5.88 and a debt-to-equity ratio of 23.55. The stock has a 50-day simple moving average of GBX 3,513.48 and a two-hundred day simple moving average of GBX 2,611.83. The firm has a market cap of £27.88 billion, a PE ratio of 61.23, a P/E/G 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.