Fresnillo (LON:FRES) Trading Down 5.6% – Should You Sell?

Fresnillo plc (LON:FRES) dropped 5.6% during mid-day trading on Friday . The stock traded as low as GBX 1,007 ($13.36) and last traded at GBX 1,021 ($13.55). Approximately 1,248,325 shares were traded during mid-day 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 Ratings Changes

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

Fresnillo Trading Down 5.6 %

The stock has a market cap of £9.43 billion, a P/E ratio of 38.05, a PEG ratio of -1.58 and a beta of 0.15. The firm’s fifty day moving average price is GBX 872.70 and its two-hundred day moving average price is GBX 740.58. The company has a debt-to-equity ratio of 23.55, a current ratio of 5.88 and a quick ratio of 3.28.

Fresnillo Increases Dividend

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