Fresnillo (LON:FRES) Stock Price 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 Friday . The stock has a 200-day moving average of GBX 610.87 ($7.68) and traded as high as GBX 641 ($8.06). Fresnillo shares last traded at GBX 638.50 ($8.02), with a volume of 982,691 shares trading hands.

Wall Street Analyst Weigh In

FRES has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Fresnillo in a research note on Friday, November 22nd. Berenberg Bank raised their target price on Fresnillo from GBX 620 ($7.79) to GBX 720 ($9.05) and gave the stock a “hold” rating in a research report on Thursday, October 24th.

Fresnillo Stock Up 1.1 %

The company has a quick ratio of 3.28, a current ratio of 5.88 and a debt-to-equity ratio of 21.66. The firm has a market capitalization of £4.71 billion, a PE ratio of 2,660.42, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15. The business’s 50-day moving average price is GBX 679.54 and its 200-day moving average price is GBX 610.87.

Fresnillo Company Profile

Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. It operates through seven segments: Fresnillo, Saucito, Ciénega, Herradura, Noche Buena, San Julián, and Juanicipio. The company primarily explores for silver, gold, lead, and zinc concentrates. Its projects include the Fresnillo silver mine located in the state of Zacatecas; Saucito silver mine situated in the state of Zacatecas; Ciénega gold mine located in the state of Durango; Herradura gold mine situated in the state of Sonora; Noche Buena gold mine located in the state of Sonora; San Julián silver-gold mine situated on the border of Chihuahua/Durango states; and Juanicipio mine located in the state of Zacatecas.