Fresnillo Plc (LON:FRES) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $825.32 and traded as low as $874.60. Fresnillo shares last traded at $879.40, with a volume of 1,028,322 shares trading hands.
A number of research analysts have commented on FRES shares. UBS Group set a $13.00 target price on Freeport-McMoRan and gave the stock a “hold” rating in a report on Wednesday, June 26th. Barclays reaffirmed an “underweight” rating on shares of in a report on Thursday, July 4th. JPMorgan Chase & Co. increased their target price on from GBX 2,300 ($30.05) to GBX 2,900 ($37.89) and gave the stock a “neutral” rating in a report on Friday, July 5th. Royal Bank of Canada reduced their target price on Analog Devices from $140.00 to $120.00 and set an “outperform” rating on the stock in a report on Wednesday, May 22nd. Finally, Numis Securities reaffirmed a “buy” rating and set a GBX 1,800 ($23.52) target price on shares of in a report on Monday, June 3rd. Six analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. Fresnillo currently has a consensus rating of “Buy” and an average target price of GBX 1,053.83 ($13.77).
The company has a quick ratio of 6.37, a current ratio of 8.11 and a debt-to-equity ratio of 25.58. The company has a 50-day moving average of GBX 828.25. The company has a market cap of $6.48 billion and a price-to-earnings ratio of 18.51.
Fresnillo Plc mines, develops, and produces non-ferrous minerals in Mexico. It primarily explores for silver, gold, lead, and zinc concentrates. The company's operating mines include the Fresnillo, Saucito, Ciénega, Herradura, Soledad-Dipolos, Noche Buena, and San Julián; development projects comprise the Pyrites Plant, and second line of the DLP at Herradura; and advanced exploration projects consist of the Juanicipio, Las Casas, Cebollitas Cluster, Centauro Deep, Centauro Pit Expansion as part of Herradura, and Orisyvo.
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