Fresnillo (LON:FRES) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Fresnillo plc (LON:FRES)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 617.56 ($7.51) and traded as high as GBX 670.27 ($8.16). Fresnillo shares last traded at GBX 666 ($8.10), with a volume of 1,485,929 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Fresnillo in a report on Friday, November 22nd. Berenberg Bank lifted their price objective on Fresnillo from GBX 620 ($7.54) to GBX 720 ($8.76) and gave the stock a “hold” rating in a research report on Thursday, October 24th.

Fresnillo Trading Down 2.1 %

The stock has a market cap of £4.91 billion, a PE ratio of 2,775.00, a PEG ratio of -1.58 and a beta of 0.15. The company has a debt-to-equity ratio of 21.66, a quick ratio of 3.28 and a current ratio of 5.88. The business has a 50-day moving average of GBX 653.28 and a 200 day moving average of GBX 619.36.

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.