Fresnillo (LON:FRES) Shares Pass Above Two Hundred Day Moving Average - What's Next?

Fresnillo plc (LON:FRES - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,009.20 ($13.56) and traded as high as GBX 1,501 ($20.17). Fresnillo shares last traded at GBX 1,466.07 ($19.70), with a volume of 883,018 shares.

Analyst Upgrades and Downgrades

Several equities analysts have commented on FRES shares. JPMorgan Chase & Co. reissued an "overweight" rating on shares of Fresnillo in a research report on Thursday. Berenberg Bank reaffirmed a "buy" rating and set a GBX 1,620 ($21.77) price objective on shares of Fresnillo in a research report on Wednesday. Canaccord Genuity Group lifted their target price on Fresnillo from GBX 805 ($10.82) to GBX 980 ($13.17) and gave the company a "hold" rating in a report on Thursday, April 24th. Finally, Citigroup boosted their target price on Fresnillo from GBX 1,300 ($17.47) to GBX 1,700 ($22.85) and gave the stock a "buy" rating in a research note on Thursday, July 10th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of GBX 1,406 ($18.90).

Fresnillo Trading Down 1.5%

The company's fifty day moving average is GBX 1,361.06 and its two-hundred day moving average is GBX 1,034.72. 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 stock has a market cap of £13.03 billion, a price-to-earnings ratio of 52.59, a PEG 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.