Fresnillo (LON:FRES) Stock Passes Above 200 Day Moving Average - Time to Sell?

Shares of Fresnillo plc (LON:FRES - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 613.89 ($7.66) and traded as high as GBX 657 ($8.20). Fresnillo shares last traded at GBX 645 ($8.05), with a volume of 397,002 shares.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Berenberg Bank upped their target price on Fresnillo from GBX 620 ($7.73) to GBX 720 ($8.98) and gave the company a "hold" rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of Fresnillo in a research note on Friday, November 22nd.

Fresnillo Stock Up 0.5 %

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 firm has a market capitalization of £4.78 billion, a price-to-earnings ratio of 2,700.00, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15. The firm has a 50 day moving average price of GBX 665.63 and a two-hundred day moving average price of GBX 613.89.

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.