Fresnillo (LON:FRES) Shares Down 5.6% – What’s Next?

Fresnillo plc (LON:FRES) shares were 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). 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 ($14.37).

Analyst Ratings Changes

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

Fresnillo Trading Down 5.6 %

The company has a quick ratio of 3.28, a current ratio of 5.88 and a debt-to-equity ratio of 23.55. The business has a fifty day moving average price of GBX 877.31 and a 200 day moving average price of GBX 744.33. The company 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.

Fresnillo Increases Dividend

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