Fresnillo (LON:FRES) Shares Pass Above 200-Day Moving Average - What's Next?

Fresnillo plc (LON:FRES - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3,240.35 and traded as high as GBX 3,266. Fresnillo shares last traded at GBX 3,115, with a volume of 745,522 shares.Analyst Ratings ChangesA number of equities analysts have recently commented on the company. Royal Bank Of Canada reiterated a "sector perform" rating and issued a GBX 3,700 target price on shares of Fresnillo in a report on Monday, April 27th. Berenberg Bank reissued a "hold" rating and set a GBX 3,400 price target on shares of Fresnillo in a research note on Thursday, April 23rd. JPMorgan Chase & Co. decreased their price target on Fresnillo from GBX 5,500 to GBX 5,400 and set an "overweight" rating for the company in a research note on Tuesday, April 7th. Finally, Citigroup raised their price target on Fresnillo from GBX 4,600 to GBX 5,000 and gave the stock a "buy" rating in a research note on Monday, April 13th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of GBX 3,988.Get Our Latest Report on FRESFresnillo Price PerformanceThe stock has a fifty day moving average price of GBX 3,525.21 and a 200-day moving average price of GBX 3,240.35. The firm has a market capitalization of £24.16 billion, a PE ratio of 17.45, a P/E/G ratio of -1.58 and a beta of 0.75. The company has a debt-to-equity ratio of 18.37, a quick ratio of 3.28 and a current ratio of 4.35. About Fresnillo (Get Free Report)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.Read MoreFive stocks we like better than FresnilloThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Fresnillo Right Now?Before you consider Fresnillo, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fresnillo wasn't on the list.While Fresnillo currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here