Fresnillo (LON:FRES) Stock Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Fresnillo's stock price has crossed above its 200-day moving average, indicating potential bullish momentum with a recent trading high of GBX 1,760 ($23.76).
• Several analysts have upgraded their price targets for Fresnillo, with the highest target now at GBX 2,100 set by JPMorgan Chase & Co., reflecting a consensus rating of "Moderate Buy".
• The company, known as the world’s largest silver producer, has a strong financial position with a market capitalization of £16.35 billion and a low debt-to-equity ratio of 23.55.

Fresnillo plc (LON:FRES - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,179.04 ($15.92) and traded as high as GBX 1,760 ($23.76). Fresnillo shares last traded at GBX 1,746.73 ($23.58), with a volume of 738,863 shares traded.

Analyst Upgrades and Downgrades

FRES has been the topic of several research analyst reports. Royal Bank Of Canada lifted their price target on shares of Fresnillo from GBX 1,200 to GBX 1,400 and gave the stock a "sector perform" rating in a research note on Monday, August 11th. Berenberg Bank lifted their price target on shares of Fresnillo from GBX 1,620 to GBX 1,700 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Citigroup lifted their price target on shares of Fresnillo from GBX 1,300 to GBX 1,700 and gave the stock a "buy" rating in a research note on Thursday, July 10th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Fresnillo from GBX 1,850 to GBX 2,100 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of GBX 1,576.

Fresnillo Trading Up 0.7%

The company has a debt-to-equity ratio of 23.55, a current ratio of 5.88 and a quick ratio of 3.28. The company has a market capitalization of £16.35 billion, a price-to-earnings ratio of 65.97, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15. The business's 50 day simple moving average is GBX 1,531.06 and its 200 day simple moving average is GBX 1,179.04.

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.

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