FRESNILLO PLC

FRES
Real-time Estimate Quote. Real-time Estimate  - 05/14 05:24:06 am
888.1GBX +2.20%

Fresnillo plc : Back on the support level

05/04/2021 | 10:55am
Jordan Dufee
Senior Analyst

Strategy published on : 05/04/2021 | 10:55

long trade
Live

Entry price : 863.8GBX
Target : 1030GBX
Stop-loss : 790GBX
Potential : 19.24%

Shares in Fresnillo plc currently show the technical configuration of a trading range. The recently observed decline yields a good timing for new long positions close to the support level.
Investors have an opportunity to buy the stock and target the GBX 1030.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● The company has poor fundamentals for a short-term investment strategy.


Strengths

● The share is getting closer to its long-term support in weekly data, at GBX 717.4, which offers good timing for buyers.

● The group's activity appears highly profitable thanks to its outperforming net margins.

● Thanks to a sound financial situation, the firm has significant leeway for investment.

● Over the last twelve months, the sales forecast has been frequently revised upwards.

● Over the last seven days, analysts have been revising upwards their EPS estimates for the company.

● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.


Weaknesses

● According to forecast, a sluggish sales growth is expected for the next fiscal years.

● Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.

● For the last four months, the sales outlook for the coming years has been revised downwards. No recovery of the group's activities is yet foreseen.

● For the last four months, EPS estimates made by Standard & Poor's analysts have been revised downwards.

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