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

Shares of Fresnillo plc (LON:FRES) passed 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.

Analysts Set New Price Targets

Separately, Berenberg Bank lifted their price target on 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 Stock Up 0.9 %

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 cap of £4.91 billion, a P/E ratio of 2,750.00, a P/E/G ratio of -1.58 and a beta of 0.15. The business’s fifty day moving average price is GBX 645.41 and its two-hundred day moving average price is GBX 599.92.

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.