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

Fresnillo plc (LON:FRES) shares traded down 5.6% during mid-day trading on Friday . The stock traded as low as GBX 1,007 ($13.39) and last traded at GBX 1,021 ($13.58). 1,248,325 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 3,374,354 shares. The stock had previously closed at GBX 1,081 ($14.37).

Analysts Set New Price Targets

Several analysts have recently commented on FRES shares. Berenberg Bank raised Fresnillo to a “buy” rating and raised their price target for the company from GBX 840 ($11.17) to GBX 1,020 ($13.56) in a report on Thursday, March 6th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a GBX 880 ($11.70) price objective on shares of Fresnillo in a report on Thursday, March 13th. Finally, Canaccord Genuity Group upped their target price on Fresnillo from GBX 760 ($10.11) to GBX 805 ($10.70) and gave the company a “hold” rating in a report on Tuesday, February 25th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Fresnillo presently has an average rating of “Hold” and a consensus price target of GBX 824 ($10.96).

Fresnillo Price Performance

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

Fresnillo Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, April 17th will be paid a $0.68 dividend. This is an increase from Fresnillo’s previous dividend of $0.06. This represents a yield of 5.49%. The ex-dividend date of this dividend is Thursday, April 17th. Fresnillo’s dividend payout ratio 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.