Fresnillo (LON:FRES) Shares Down 5.6% – Time to Sell?

Fresnillo plc (LON:FRES) dropped 5.6% during mid-day trading on Friday . The company traded as low as GBX 1,007 ($13.36) and last traded at GBX 1,021 ($13.55). Approximately 1,248,325 shares changed hands during trading, a decline of 63% from the average daily volume of 3,374,354 shares. The stock had previously closed at GBX 1,081 ($14.34).

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Canaccord Genuity Group increased their price objective on Fresnillo from GBX 760 ($10.08) to GBX 805 ($10.68) and gave the company a “hold” rating in a report on Tuesday, February 25th. Berenberg Bank upgraded shares of Fresnillo to a “buy” rating and increased their price target for the company from GBX 840 ($11.15) to GBX 1,020 ($13.53) in a research note on Thursday, March 6th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a GBX 880 ($11.68) price objective on shares of Fresnillo in a research report on Thursday, March 13th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Fresnillo presently has an average rating of “Hold” and an average target price of GBX 824 ($10.93).

Fresnillo Stock Down 5.6 %

The company has a quick ratio of 3.28, a current ratio of 5.88 and a debt-to-equity ratio of 23.55. The business’s fifty day moving average price is GBX 872.70 and its 200 day moving average price is GBX 740.58. The firm has a market capitalization of £9.43 billion, a PE ratio of 38.05, a PEG ratio of -1.58 and a beta of 0.15.

Fresnillo Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, April 17th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Thursday, April 17th. This is an increase from Fresnillo’s previous dividend of $0.06. This represents a dividend yield of 5.49%. Fresnillo’s dividend payout ratio (DPR) is currently 29.82%.

Fresnillo Company Profile

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.