Fresnillo (LON:FRES) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Fresnillo plc (LON:FRES) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 641.08 ($8.07) and traded as high as GBX 802.50 ($10.10). Fresnillo shares last traded at GBX 784.50 ($9.87), with a volume of 510,038 shares traded.

Analysts Set New Price Targets

A number of analysts have commented on FRES shares. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Fresnillo in a research report on Friday, November 22nd. Berenberg Bank increased their price target on Fresnillo from GBX 620 ($7.80) to GBX 720 ($9.06) and gave the company a “hold” rating in a report on Thursday, October 24th.

Fresnillo Trading Down 1.7 %

The firm has a market cap of £7.12 billion, a PE ratio of 28.72, 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 23.55. The business has a fifty day moving average price of GBX 687.46 and a 200 day moving average price of GBX 643.21.

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.