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.
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.
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.
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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