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

Shares of Fresnillo plc (LON:FRES - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 769.52 ($10.21) and traded as high as GBX 1,022 ($13.56). Fresnillo shares last traded at GBX 1,015 ($13.47), with a volume of 646,661 shares traded.

Analysts Set New Price Targets

Several research firms have recently weighed in on FRES. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a GBX 880 ($11.67) price objective on shares of Fresnillo in a research note on Thursday, March 13th. Berenberg Bank upped their price objective on shares of Fresnillo from GBX 1,310 ($17.38) to GBX 1,320 ($17.51) and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Finally, Canaccord Genuity Group raised their price target on shares of Fresnillo from GBX 805 ($10.68) to GBX 980 ($13.00) and gave the stock a "hold" rating in a research report on Thursday, April 24th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of GBX 919 ($12.19).

Fresnillo Stock Up 2.0 %

The company has a debt-to-equity ratio of 23.55, a quick ratio of 3.28 and a current ratio of 5.88. The stock has a fifty day moving average price of GBX 922.64 and a two-hundred day moving average price of GBX 769.52. The firm has a market capitalization of £9.38 billion, a P/E ratio of 37.83, a P/E/G ratio of -1.58 and a beta of 0.15.

Fresnillo Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 30th. Stockholders 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 is a positive change from Fresnillo's previous dividend of $0.06. This represents a dividend yield of 5.49%. Fresnillo's payout ratio 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.

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