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

Fresnillo plc (LON:FRES) traded down 5.6% during trading on Friday . The company 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 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).

Wall Street Analyst Weigh In

Several analysts recently commented on FRES shares. Berenberg Bank upgraded shares of 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 research report on Thursday, March 6th. Royal Bank of Canada reiterated a “sector perform” rating and set a GBX 880 ($11.70) target price on shares of Fresnillo in a research report on Thursday, March 13th. Finally, Canaccord Genuity Group boosted their price target on shares of Fresnillo from GBX 760 ($10.11) to GBX 805 ($10.70) and gave the stock a “hold” rating in a report on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently 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 current ratio of 5.88 and a quick ratio of 3.28. The stock has a market capitalization 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. The stock has a 50 day moving average price of GBX 877.31 and a 200-day moving average price of GBX 744.33.

Fresnillo Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, April 17th will be issued a dividend of $0.68 per share. This is a positive change 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 dividend 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.