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

Shares of Fresnillo plc (LON:FRES) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 690.91 ($8.94) and traded as high as GBX 948.50 ($12.28). Fresnillo shares last traded at GBX 943 ($12.21), with a volume of 51,357,707 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FRES. Royal Bank of Canada reiterated a “sector perform” rating and set a GBX 880 ($11.39) price target on shares of Fresnillo in a report on Thursday, March 13th. Berenberg Bank raised Fresnillo to a “buy” rating and raised their target price for the company from GBX 840 ($10.88) to GBX 1,020 ($13.21) in a research report on Thursday, March 6th. Finally, Canaccord Genuity Group boosted their price target on shares of Fresnillo from GBX 760 ($9.84) to GBX 805 ($10.42) and gave the stock a “hold” rating in a report on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Fresnillo has a consensus rating of “Hold” and a consensus price target of GBX 824 ($10.67).

Fresnillo Trading Up 1.7 %

The firm has a market capitalization of £8.71 billion, a P/E ratio of 35.15, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15. The firm has a fifty day simple moving average of GBX 783.88 and a two-hundred day simple moving average of GBX 690.91. The company has a debt-to-equity ratio of 23.55, a current ratio of 5.88 and a quick ratio of 3.28.

Fresnillo Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, April 17th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a yield of 5.49%. This is a positive change from Fresnillo’s previous dividend of $0.06. Fresnillo’s dividend payout ratio (DPR) is 29.82%.

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.