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

Fresnillo plc (LON:FRES) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 690.91 ($8.94) and traded as high as GBX 948.50 ($12.28). Fresnillo shares last traded at GBX 943 ($12.21), with a volume of 51,357,707 shares changing hands.

Analyst Upgrades and Downgrades

FRES has been the subject of a number of research reports. Berenberg Bank raised Fresnillo to a “buy” rating and lifted their price target for the stock from GBX 840 ($10.88) to GBX 1,020 ($13.21) in a research report on Thursday, March 6th. Royal Bank of Canada reiterated a “sector perform” rating and issued a GBX 880 ($11.39) price objective on shares of Fresnillo in a research report on Thursday, March 13th. Finally, Canaccord Genuity Group lifted their target price on shares of Fresnillo from GBX 760 ($9.84) to GBX 805 ($10.42) and gave the company a “hold” rating in a research report on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Fresnillo presently has a consensus rating of “Hold” and an average target price of GBX 824 ($10.67).

Fresnillo Stock Up 0.1 %

The firm’s 50 day simple moving average is GBX 794.66 and its 200-day simple moving average is GBX 696.27. The company has a market cap of £8.72 billion, a price-to-earnings ratio of 35.20, a P/E/G ratio of -1.58 and a beta of 0.15. The company has a debt-to-equity ratio of 23.55, a current ratio of 5.88 and a quick ratio of 3.28.

Fresnillo Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, April 17th will be paid a $0.68 dividend. This is a boost from Fresnillo’s previous dividend of $0.06. The ex-dividend date is Thursday, April 17th. This represents a dividend yield of 5.49%. Fresnillo’s dividend payout ratio (DPR) is 29.82%.

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.