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

Fresnillo plc (LON:FRES)’s share price traded down 5.6% 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 mid-day 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).

Analyst Ratings Changes

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

Fresnillo Stock Down 5.6 %

The firm’s 50-day simple moving average is GBX 877.31 and its 200-day simple moving average is GBX 744.33. The company has a debt-to-equity ratio of 23.55, a quick ratio of 3.28 and a current ratio of 5.88. The company 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.

Fresnillo Increases Dividend

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