Fresnillo (LON:FRES) Trading Down 5.6% – Time to Sell?

Shares of Fresnillo plc (LON:FRES) dropped 5.6% during trading on Friday . The company traded as low as GBX 1,007 ($13.36) and last traded at GBX 1,021 ($13.55). 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 ($14.34).

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FRES. Canaccord Genuity Group upped their price objective on shares of Fresnillo from GBX 760 ($10.08) to GBX 805 ($10.68) and gave the stock a “hold” rating in a report on Tuesday, February 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a GBX 880 ($11.68) price target on shares of Fresnillo in a report on Thursday, March 13th. Finally, Berenberg Bank raised Fresnillo to a “buy” rating and lifted their price objective for the stock from GBX 840 ($11.15) to GBX 1,020 ($13.53) in a report on Thursday, March 6th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 824 ($10.93).

Fresnillo Trading Down 5.6 %

The company 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. The stock has a 50 day moving average of GBX 872.70 and a 200-day moving average of GBX 740.58. The company has a current ratio of 5.88, a quick ratio of 3.28 and a debt-to-equity ratio of 23.55.

Fresnillo Increases Dividend

The company 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. This represents a dividend yield of 5.49%. This is an increase from Fresnillo’s previous dividend of $0.06. The ex-dividend date is Thursday, April 17th. Fresnillo’s dividend payout ratio (DPR) 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.