Fresnillo (LON:FRES) Stock Price 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 ($13.39) and last traded at GBX 1,021 ($13.58). Approximately 1,248,325 shares traded hands 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 boosted their price target for the company from GBX 840 ($11.17) to GBX 1,020 ($13.56) in a report on Thursday, March 6th. Canaccord Genuity Group increased their target price 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. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a GBX 880 ($11.70) target price on shares of Fresnillo in a report on Thursday, March 13th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of GBX 824 ($10.96).

Fresnillo Stock Performance

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

Fresnillo Increases Dividend

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