Inverted H&STRADENATION:FRES.L completing massive inverted H&S?
Measured-move target of roughly $820.
#silver
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6.21 MXN
4.07 B MXN
47.07 B MXN
176.32 M
About FRESNILLO PLC ORD USD0.50
Sector
Industry
CEO
Octavio Alvidrez Cano
Website
Headquarters
Mexico City
Founded
2007
ISIN
GB00B2QPKJ12
FIGI
BBG00JX0PJF6
Fresnillo Plc is a holding company, which engages in the production of gold and silver. It operates through the following segments: Fresnillo, Saucito, Cienaga, Herradura, Noche Buena, and San Julian. The Fresnillo, and Saucito segments are located in the state of Zacatecas, an underground silver mine. The Cienega segment includes San Ramón satellite mine which are both located in the state of Durango, an underground gold mine. The Herradura, and Noche Buena segments are located in the state of Sonora, a surface gold mine. The San Julian segment operates on the border of Chihuahua/Durango states, an underground silver-gold mine. The company was founded on August 15, 2007 and is headquartered in Mexico City, Mexico.
FRES STONG BUY IMMEDIATE MONEY TO BE MADEPrice action rising from recent low towards short term resistance at 100 fib retrace level, with 728 to be next meaning full resistance.
Price action supported by hidden bullish divergence, increased metal prices and a rising earnings profile.
Action will be swift don't wait too long to buy.
Breaking out?It is now showing the potential to break out in Wave 3.
If it fails, then it could still be filling out a larger wave 2.
Still looking good!
Silver price break out but the miners are playing catch upIf silver is moving up, the largest producer of silver should benefit and its price is close to a key support level. So odds are its price plays catch up to the new price of silver.
A little patience is required.It still looks in great shape as it digests the recent 40%+ move. And the correction seems to be neatly contained in parallel lines, which is often a very positive sign.
As long as it stays above the 61.80% retracement level (£499), then I'm bullish.
When it finds a bottom, then more accurate tar
FRES Strong Buy...Swift rerate to short term target 765p Strong buy... Silver equivalent sales up circa 25% the decline in earnings has bottomed and FRES is now coming out the other side with the potential of some serious cash accruals.
Time & price target.When a diagonal pattern completes, it can retrace the entire move in between a third of the time and half of the time it took to form.
Let's see if this happens...
Is the ending diagnal pattern close to completion?As long as the price doesn't go lower than the £420–£415 level, then the ending diagnal pattern looks on. However, if the price breaks below that level, then another pattern could be playing out.
Ready for a big move. looks like it’s either completed an Ending Diagonal in a 5th wave or it needs one more move down for its completion.
Either way, with the massive negative divergence shown in the RSI, it looks ready for a big move up.
Fresnillo 250% upside minimumThe major Elliot Wave pattern suggests price will reach all time highs in the next gold bull market / cycle. I believe it is due and Fresnillo has probably bottomed.
There is a chance we could continue to have a few more weeks of weakness in Gold and Silver prices which is likely to send Fresnillo
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Frequently Asked Questions
The current price of FRES is 181.10 MXN — it has decreased by −4.68% in the past 24 hours. Watch FRESNILLO PLC stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on BIVA exchange FRESNILLO PLC stocks are traded under the ticker FRES.
FRES stock has fallen by −3.16% compared to the previous week, the month change is a 4.99% rise, over the last year FRESNILLO PLC has showed a 39.31% increase.
We've gathered analysts' opinions on FRESNILLO PLC future price: according to them, FRES price has a max estimate of 298.55 MXN and a min estimate of 172.05 MXN. Watch FRES chart and read a more detailed FRESNILLO PLC stock forecast: see what analysts think of FRESNILLO PLC and suggest that you do with its stocks.
FRES stock is 4.91% volatile and has beta coefficient of 1.38. Track FRESNILLO PLC stock price on the chart and check out the list of the most volatile stocks — is FRESNILLO PLC there?
Today FRESNILLO PLC has the market capitalization of 123.77 B, it has increased by 8.77% over the last week.
Yes, you can track FRESNILLO PLC financials in yearly and quarterly reports right on TradingView.
FRESNILLO PLC is going to release the next earnings report on Mar 11, 2025. Keep track of upcoming events with our Earnings Calendar.
FRES earnings for the last half-year are 0.81 MXN per share, whereas the estimation was 1.94 MXN, resulting in a −58.49% surprise. The estimated earnings for the next half-year are 8.32 MXN per share. See more details about FRESNILLO PLC earnings.
FRES net income for the last half-year is 1.44 B MXN, while the previous report showed 2.92 B MXN of net income which accounts for −50.61% change. Track more FRESNILLO PLC financial stats to get the full picture.
FRESNILLO PLC dividend yield was 0.76% in 2023, and payout ratio reached 17.67%. The year before the numbers were 1.50% and 45.03% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
As of Nov 21, 2024, the company has 19.78 K employees. See our rating of the largest employees — is FRESNILLO PLC on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. FRESNILLO PLC EBITDA is 15.65 B MXN, and current EBITDA margin is 25.25%. See more stats in FRESNILLO PLC financial statements.
Like other stocks, FRES shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade FRESNILLO PLC stock right from TradingView charts — choose your broker and connect to your account.