Fresnillo (LON:FRES) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Fresnillo plc (LON:FRES) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 623.66 ($7.79) and traded as high as GBX 684 ($8.54). Fresnillo shares last traded at GBX 679.47 ($8.48), with a volume of 576,983 shares changing hands.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Berenberg Bank lifted their price objective on Fresnillo from GBX 620 ($7.74) to GBX 720 ($8.99) and gave the company a “hold” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Fresnillo in a report on Friday, November 22nd.

Fresnillo Stock Performance

The company has a market capitalization of £5.05 billion, a price-to-earnings ratio of 2,856.25, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15. The company has a debt-to-equity ratio of 21.66, a current ratio of 5.88 and a quick ratio of 3.28. The stock has a 50 day moving average price of GBX 654.42 and a two-hundred day moving average price of GBX 624.51.

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.