Fresnillo (LON:FRES) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Shares of Fresnillo plc (LON:FRES) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3,241.32 and traded as high as GBX 3,255. Fresnillo shares last traded at GBX 3,200, with a volume of 1,059,231 shares traded.

Analyst Upgrades and Downgrades

FRES has been the subject of several research reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 3,200 price target on shares of Fresnillo in a report on Friday, August 7th. JPMorgan Chase & Co. downgraded Fresnillo to an “overweight” rating and cut their price target for the stock from GBX 5,400 to GBX 4,700 in a report on Thursday, July 16th. Jefferies Financial Group restated a “hold” rating and set a GBX 2,700 price objective on shares of Fresnillo in a research report on Tuesday, August 4th. Finally, Berenberg Bank lowered their price objective on Fresnillo from GBX 3,300 to GBX 2,900 and set a “hold” rating for the company in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Fresnillo currently has an average rating of “Hold” and a consensus price target of GBX 3,490.

Fresnillo Price Performance

The company has a debt-to-equity ratio of 16.67, a quick ratio of 3.28 and a current ratio of 6.35. The stock has a market capitalization of £23.04 billion, a price-to-earnings ratio of 16.65, a price-to-earnings-growth ratio of -1.58 and a beta of 0.70. The business’s 50 day simple moving average is GBX 2,779.76 and its 200-day simple moving average is GBX 3,235.46.

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.