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

Fresnillo plc (LON:FRES)’s share price dropped 5.6% on Friday . The stock traded as low as GBX 1,007 ($13.39) and last traded at GBX 1,021 ($13.58). Approximately 1,248,325 shares were traded 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 ($14.37).

Analyst Upgrades and Downgrades

FRES has been the subject of a number of research analyst reports. Berenberg Bank upgraded Fresnillo to a “buy” rating and lifted their price target for the stock from GBX 840 ($11.17) to GBX 1,020 ($13.56) in a report on Thursday, March 6th. Canaccord Genuity Group lifted their price objective on shares of Fresnillo from GBX 760 ($10.11) to GBX 805 ($10.70) and gave the stock a “hold” rating in a research report on Tuesday, February 25th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a GBX 880 ($11.70) target price on shares of Fresnillo in a research note on Thursday, March 13th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of GBX 824 ($10.96).

Fresnillo Trading Down 5.6 %

The company has a debt-to-equity ratio of 23.55, a current ratio of 5.88 and a quick ratio of 3.28. The firm has a market capitalization of £9.43 billion, a P/E ratio of 38.05, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15. The business’s 50-day moving average is GBX 877.31 and its 200 day moving average is GBX 744.33.

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 paid a $0.68 dividend. This is a boost from Fresnillo’s previous dividend of $0.06. This represents a dividend yield of 5.49%. The ex-dividend date of this dividend is Thursday, April 17th. Fresnillo’s payout ratio is 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.