Fresnillo (LON:FRES) Shares Cross Above 200 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 ($13.63) and traded as high as GBX 1,501 ($20.28). Fresnillo shares last traded at GBX 1,466.07 ($19.80), with a volume of 883,018 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FRES shares. Citigroup boosted their price target on Fresnillo from GBX 1,300 ($17.56) to GBX 1,700 ($22.96) and gave the company a "buy" rating in a research note on Thursday, July 10th. Canaccord Genuity Group increased their price target on Fresnillo from GBX 805 ($10.87) to GBX 980 ($13.24) and gave the company a "hold" rating in a research note on Thursday, April 24th. Berenberg Bank reiterated a "buy" rating and set a GBX 1,620 ($21.88) target price on shares of Fresnillo in a report on Wednesday. Finally, JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Fresnillo in a research note on Thursday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Fresnillo currently has a consensus rating of "Moderate Buy" and an average target price of GBX 1,406 ($18.99).

Fresnillo Stock Performance

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 company has a market cap of £13.03 billion, a PE ratio of 52.59, a P/E/G ratio of -1.58 and a beta of 0.15. The stock's 50 day simple moving average is GBX 1,352.84 and its two-hundred day simple moving average is GBX 1,026.77.

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.