Fresnillo (LON:FRES) Stock Crosses Above 200 Day Moving Average - Time to Sell?

Fresnillo plc (LON:FRES - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 898.77 ($12.33) and traded as high as GBX 1,450 ($19.90). Fresnillo shares last traded at GBX 1,443 ($19.80), with a volume of 1,089,934 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have commented on FRES shares. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a GBX 880 ($12.08) price objective on shares of Fresnillo in a research note on Thursday, March 13th. Canaccord Genuity Group lifted their price target on shares of Fresnillo from GBX 805 ($11.05) to GBX 980 ($13.45) and gave the stock a "hold" rating in a research note on Thursday, April 24th. Finally, Berenberg Bank increased their price objective on shares of Fresnillo from GBX 1,310 ($17.98) to GBX 1,320 ($18.11) and gave the stock a "buy" rating in a research report on Wednesday, April 23rd.

Fresnillo Stock Performance

The business has a 50 day simple moving average of GBX 1,171.83 and a two-hundred day simple moving average of GBX 913.44. The company has a quick ratio of 3.28, a current ratio of 5.88 and a debt-to-equity ratio of 23.55. The firm has a market cap of £13.24 billion, a PE ratio of 53.41, 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.