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

Shares of Fresnillo plc (LON:FRES) traded down 5.6% on Thursday . The company traded as low as GBX 1,007 ($13.33) and last traded at GBX 1,021 ($13.51). 1,248,325 shares were traded 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 ($14.31).

Analyst Ratings Changes

A number of equities research analysts have issued reports on FRES shares. Canaccord Genuity Group upped their target price on Fresnillo from GBX 760 ($10.06) to GBX 805 ($10.66) and gave the stock a “hold” rating in a research report on Tuesday, February 25th. Berenberg Bank upgraded shares of Fresnillo to a “buy” rating and raised their target price for the company from GBX 840 ($11.12) to GBX 1,020 ($13.50) in a research note on Thursday, March 6th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a GBX 880 ($11.65) price target on shares of Fresnillo in a report on Thursday, March 13th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of GBX 824 ($10.91).

Fresnillo Trading Down 5.6 %

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’s 50 day moving average is GBX 868.32 and its 200 day moving average is GBX 737.67. The stock has a market capitalization of £9.43 billion, a price-to-earnings ratio of 38.05, a PEG ratio of -1.58 and a beta of 0.15.

Fresnillo Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 30th. Stockholders 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 represents a dividend yield of 5.49%. This is a positive change from Fresnillo’s previous dividend of $0.06. Fresnillo’s dividend payout ratio 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.