Fresnillo (LON:FRES) Stock Price Passes Above Two Hundred Day Moving Average – Should You 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 641.08 ($8.09) and traded as high as GBX 802.50 ($10.12). Fresnillo shares last traded at GBX 784.50 ($9.90), with a volume of 510,038 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on FRES shares. Berenberg Bank raised their price objective on Fresnillo from GBX 620 ($7.82) to GBX 720 ($9.08) and gave the stock a “hold” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Fresnillo in a research report on Friday, November 22nd.

Fresnillo Trading Down 1.8 %

The stock has a market cap of £7.25 billion, a price-to-earnings ratio of 29.24, a PEG ratio of -1.58 and a beta of 0.15. 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 business has a 50-day moving average of GBX 683.71 and a 200-day moving average of GBX 641.08.

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.