Fresnillo (LON:FRES) Stock Passes Above 200 Day Moving Average – What’s Next?

Fresnillo plc (LON:FRES) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 597.32 ($7.78) and traded as high as GBX 714.50 ($9.30). Fresnillo shares last traded at GBX 700 ($9.11), with a volume of 386,484 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised their price objective on Fresnillo from GBX 620 ($8.07) to GBX 720 ($9.37) and gave the company a “hold” rating in a research note on Thursday, October 24th.

Fresnillo Stock Down 1.5 %

The stock has a market cap of £5.16 billion, a P/E ratio of 2,916.67, a P/E/G ratio of -1.58 and a beta of 0.15. The company has a current ratio of 5.88, a quick ratio of 3.28 and a debt-to-equity ratio of 21.66. The firm’s fifty day moving average is GBX 635.60 and its 200 day moving average is GBX 598.12.

About Fresnillo

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.