Fresnillo (LON:FRES) Shares Cross Above 200 Day Moving Average – Here’s Why

Posted by Tyrone Williams on Jan 9th, 2025

Fresnillo plc (LON:FRES – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 613.89 ($7.55) and traded as high as GBX 657 ($8.08). Fresnillo shares last traded at GBX 645 ($7.94), with a volume of 397,002 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Fresnillo in a report on Friday, November 22nd. Berenberg Bank lifted their price objective on shares of Fresnillo from GBX 620 ($7.63) to GBX 720 ($8.86) and gave the company a “hold” rating in a research note on Thursday, October 24th.

Check Out Our Latest Analysis on Fresnillo

Fresnillo Stock Performance

The company has a current ratio of 5.88, a quick ratio of 3.28 and a debt-to-equity ratio of 21.66. The company’s 50-day moving average is GBX 661.74 and its two-hundred day moving average is GBX 615.31. The firm has a market cap of £4.93 billion, a P/E ratio of 2,787.50, a PEG ratio of -1.58 and a beta of 0.15.

Fresnillo Company Profile

(Get Free Report)

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.