Fresnillo (LON:FRES) Share Price Passes Above 200-Day Moving Average – What’s Next?

Fresnillo plc (LON:FRES)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 599.92 ($7.60) and traded as high as GBX 660 ($8.37). Fresnillo shares last traded at GBX 660 ($8.37), with a volume of 856,401 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lifted their price target on shares of Fresnillo from GBX 620 ($7.86) to GBX 720 ($9.13) and gave the company a “hold” rating in a report on Thursday, October 24th.

Fresnillo Price Performance

The company’s 50 day moving average price is GBX 645.41 and its 200 day moving average price is GBX 599.92. The company has a debt-to-equity ratio of 21.66, a current ratio of 5.88 and a quick ratio of 3.28. The firm has a market capitalization of £4.91 billion, a P/E ratio of 2,750.00, a PEG ratio of -1.58 and a beta of 0.15.

Fresnillo Company Profile

Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. It operates through seven segments: Fresnillo, Saucito, Ciénega, Herradura, Noche Buena, San Julián, and Juanicipio. The company primarily explores for silver, gold, lead, and zinc concentrates. Its projects include the Fresnillo silver mine located in the state of Zacatecas; Saucito silver mine situated in the state of Zacatecas; Ciénega gold mine located in the state of Durango; Herradura gold mine situated in the state of Sonora; Noche Buena gold mine located in the state of Sonora; San Julián silver-gold mine situated on the border of Chihuahua/Durango states; and Juanicipio mine located in the state of Zacatecas.