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

Fresnillo plc (LON:FRES) dropped 5.6% during mid-day 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 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

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

Fresnillo Trading Down 5.6 %

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 business has a 50 day moving average price of GBX 877.31 and a 200-day moving average price of GBX 744.33. The firm has a market capitalization of £9.43 billion, a PE ratio of 38.05, a P/E/G ratio of -1.58 and a beta of 0.15.

Fresnillo Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, April 17th will be given a dividend of $0.68 per share. This is a positive change from Fresnillo’s previous dividend of $0.06. This represents a dividend yield of 5.49%. The ex-dividend date is Thursday, April 17th. Fresnillo’s payout ratio is presently 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.