Fresnillo (LON:FRES) Stock Price Down 0.4% – Should You Sell?

Fresnillo plc (LON:FRES) shares dropped 0.4% during mid-day trading on Friday . The company traded as low as GBX 3,392 and last traded at GBX 3,411. Approximately 711,189 shares changed hands during trading, a decline of 92% from the average daily volume of 8,709,377 shares. The stock had previously closed at GBX 3,426.

Analysts Set New Price Targets

FRES has been the topic of a number of research reports. Berenberg Bank restated a “hold” rating and set a GBX 3,400 price objective on shares of Fresnillo in a research report on Thursday. Citigroup boosted their price objective on Fresnillo from GBX 4,600 to GBX 5,000 and gave the company a “buy” rating in a research report on Monday, April 13th. Finally, JPMorgan Chase & Co. lowered their price objective on Fresnillo from GBX 5,500 to GBX 5,400 and set an “overweight” rating on the stock in a research report on Tuesday, April 7th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of GBX 3,528.

Fresnillo Stock Down 0.9%

The company has a debt-to-equity ratio of 18.37, a current ratio of 4.35 and a quick ratio of 3.28. The firm has a market cap of £25.02 billion, a price-to-earnings ratio of 18.08, a price-to-earnings-growth ratio of -1.58 and a beta of 0.78. The firm has a 50 day moving average price of GBX 3,587.76 and a 200-day moving average price of GBX 3,209.64.

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.