Fresnillo (LON:FRES) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Fresnillo plc (LON:FRES) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 613.89 ($7.55) and traded as high as GBX 657 ($8.08). Fresnillo shares last traded at GBX 645 ($7.94), with a volume of 397,002 shares trading hands.

Analyst Ratings Changes

Several brokerages recently weighed in on FRES. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Fresnillo in a report on Friday, November 22nd. Berenberg Bank increased their target price on shares of Fresnillo from GBX 620 ($7.63) to GBX 720 ($8.86) and gave the stock a “hold” rating in a research report on Thursday, October 24th.

Fresnillo Trading Up 3.2 %

The company has a quick ratio of 3.28, a current ratio of 5.88 and a debt-to-equity ratio of 21.66. The stock has a market cap of £4.93 billion, a PE ratio of 2,787.50, a P/E/G ratio of -1.58 and a beta of 0.15. The firm has a 50-day simple moving average of GBX 661.74 and a 200-day simple moving average of GBX 615.31.

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.