Fresnillo (LON:FRES) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Fresnillo plc (LON:FRES) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 641.08 ($8.07) and traded as high as GBX 802.50 ($10.10). Fresnillo shares last traded at GBX 784.50 ($9.87), with a volume of 510,038 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have commented on FRES shares. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Fresnillo in a research note on Friday, November 22nd. Berenberg Bank increased their price target on shares of Fresnillo from GBX 620 ($7.80) to GBX 720 ($9.06) and gave the stock a “hold” rating in a report on Thursday, October 24th.

Fresnillo Price Performance

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 firm has a market capitalization of £7.12 billion, a P/E ratio of 28.72, a PEG ratio of -1.58 and a beta of 0.15. The business’s 50-day simple moving average is GBX 687.46 and its 200 day simple moving average is GBX 643.21.

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.