Fresnillo (LON:FRES) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Fresnillo plc (LON:FRES) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 628.70 ($7.80) and traded as high as GBX 711 ($8.82). Fresnillo shares last traded at GBX 696 ($8.63), with a volume of 2,139,681 shares.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FRES. Berenberg Bank increased their price objective on shares of Fresnillo from GBX 620 ($7.69) to GBX 720 ($8.93) and gave the company a “hold” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Fresnillo in a research note on Friday, November 22nd.

Fresnillo Stock Down 2.3 %

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 business has a fifty day simple moving average of GBX 657.38 and a two-hundred day simple moving average of GBX 629.07. The company has a market cap of £5.13 billion, a PE ratio of 2,900.00, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15.

Fresnillo Company Profile

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.