Fresnillo (LON:FRES) Shares Cross Above 200 Day Moving Average – Should You Sell?

Fresnillo plc (LON:FRES)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 3,344.59 and traded as high as GBX 3,400. Fresnillo shares last traded at GBX 3,236, with a volume of 643,710 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on FRES shares. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 3,700 target price on shares of Fresnillo in a research report on Monday, April 27th. JPMorgan Chase & Co. cut their target price on shares of Fresnillo from GBX 5,500 to GBX 5,400 and set an “overweight” rating on the stock in a research report on Tuesday, April 7th. Citigroup increased their target price on shares of Fresnillo from GBX 4,600 to GBX 5,000 and gave the stock a “buy” rating in a report on Monday, April 13th. Finally, Berenberg Bank reissued a “hold” rating and issued a GBX 3,400 price target on shares of Fresnillo in a report on Thursday, April 23rd. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Fresnillo has a consensus rating of “Hold” and a consensus target price of GBX 3,988.

Fresnillo Trading Down 1.8%

The company has a market cap of £23.85 billion, a P/E ratio of 17.23, a PEG ratio of -1.58 and a beta of 0.75. The company has a current ratio of 4.35, a quick ratio of 3.28 and a debt-to-equity ratio of 18.37. The business has a 50 day moving average price of GBX 3,418.01 and a 200-day moving average price of GBX 3,344.59.

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.