Fresnillo (LON:FRES) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Shares of Fresnillo plc (LON:FRES - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 617.56 ($7.56) and traded as high as GBX 670.27 ($8.20). Fresnillo shares last traded at GBX 666 ($8.15), with a volume of 1,485,929 shares trading hands.

Analysts Set New Price Targets

FRES has been the topic of a number of recent analyst reports. Berenberg Bank boosted their price target on shares of Fresnillo from GBX 620 ($7.59) to GBX 720 ($8.81) and gave the stock a "hold" rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Fresnillo in a research report on Friday, November 22nd.

Fresnillo Stock Performance

The company has a market capitalization of £5.01 billion, a price-to-earnings ratio of 2,835.42, a P/E/G 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 stock's 50-day moving average price is GBX 654.10 and its 200-day moving average price is GBX 618.41.

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.