Fresnillo (LON:FRES) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Fresnillo plc (LON:FRES)’s share 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.

Wall Street Analyst Weigh In

Several analysts recently commented on FRES shares. JPMorgan Chase & Co. reduced their price objective on shares of Fresnillo from GBX 4,700 to GBX 4,500 and set an “overweight” rating for the company in a research note on Monday, February 2nd. Berenberg Bank cut shares of Fresnillo to a “hold” rating and increased their target price for the company from GBX 3,400 to GBX 3,800 in a report on Thursday, February 5th. Finally, Citigroup lifted their price target on shares of Fresnillo from GBX 4,000 to GBX 4,600 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Two equities research 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 company has a consensus rating of “Hold” and an average target price of GBX 3,348.

Fresnillo Price Performance

The company’s 50-day moving average is GBX 3,755.13 and its 200-day moving average is GBX 3,029.49. The firm has a market capitalization of £23.52 billion, a price-to-earnings ratio of 51.65, a PEG 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.

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.