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

Fresnillo plc (LON:FRES)’s stock price traded down 5.6% during trading on Thursday . The company traded as low as GBX 1,007 ($13.36) and last traded at GBX 1,021 ($13.55). 1,248,325 shares traded hands during trading, a decline of 63% from the average session volume of 3,374,354 shares. The stock had previously closed at GBX 1,081 ($14.34).

Analysts Set New Price Targets

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

Fresnillo Stock Performance

The firm’s 50-day moving average price is GBX 868.32 and its 200 day moving average price is GBX 737.67. The company has a market cap of £9.43 billion, a price-to-earnings ratio of 38.05, a PEG ratio of -1.58 and a beta of 0.15. The company has a debt-to-equity ratio of 23.55, a quick ratio of 3.28 and a current ratio of 5.88.

Fresnillo Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, April 17th will be given a dividend of $0.68 per share. This is a boost from Fresnillo’s previous dividend of $0.06. The ex-dividend date of this dividend is Thursday, April 17th. This represents a dividend yield of 5.49%. Fresnillo’s payout ratio is presently 29.82%.

About Fresnillo

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.