Fresnillo (LON:FRES) Stock Passes Above Two Hundred Day Moving Average - Here's Why

Shares of Fresnillo plc (LON:FRES - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 641.08 ($8.12) and traded as high as GBX 802.50 ($10.17). Fresnillo shares last traded at GBX 784.50 ($9.94), with a volume of 510,038 shares.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on FRES shares. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of Fresnillo in a report on Friday, November 22nd. Berenberg Bank upped their price objective on shares of Fresnillo from GBX 620 ($7.86) to GBX 720 ($9.12) and gave the stock a "hold" rating in a report on Thursday, October 24th.

Fresnillo Trading Down 1.3 %

The company has a quick ratio of 3.28, a current ratio of 5.88 and a debt-to-equity ratio of 23.55. The firm's 50-day simple moving average is GBX 689.22 and its 200 day simple moving average is GBX 644.50. The stock has a market capitalization of £7.17 billion, a P/E ratio of 28.94, a PEG ratio of -1.58 and a beta of 0.15.

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.