Fresnillo (LON:FRES) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Fresnillo plc (LON:FRES)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 597.32 ($7.78) and traded as high as GBX 714.50 ($9.30). Fresnillo shares last traded at GBX 700 ($9.11), with a volume of 386,484 shares traded.

Analyst Ratings Changes

Separately, Berenberg Bank boosted their price objective on Fresnillo from GBX 620 ($8.07) to GBX 720 ($9.37) and gave the company a “hold” rating in a research report on Thursday, October 24th.

Fresnillo Stock Performance

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 firm’s 50-day moving average price is GBX 635.60 and its two-hundred day moving average price is GBX 598.12. The firm has a market capitalization of £5.16 billion, a price-to-earnings ratio of 2,916.67, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15.

About Fresnillo

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.