Fresnillo (LON:FRES) Stock Price Down 5.6% – What’s Next?

Fresnillo plc (LON:FRES)’s share price traded down 5.6% on Thursday . The company traded as low as GBX 1,007 ($13.36) and last traded at GBX 1,021 ($13.55). 1,248,325 shares were traded during trading, a decline of 63% from the average session volume of 3,374,354 shares. The stock had previously closed at GBX 1,081 ($14.34).

Analyst Upgrades and Downgrades

FRES has been the subject of several analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 880 ($11.68) price objective on shares of Fresnillo in a research note on Thursday, March 13th. Berenberg Bank upgraded Fresnillo to a “buy” rating and raised their target price for the company from GBX 840 ($11.15) to GBX 1,020 ($13.53) in a report on Thursday, March 6th. Finally, Canaccord Genuity Group upped their price target on Fresnillo from GBX 760 ($10.08) to GBX 805 ($10.68) and gave the stock a “hold” rating in a research note on Tuesday, February 25th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of GBX 824 ($10.93).

Fresnillo Stock Down 5.6 %

The stock has a market cap 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 company has a current ratio of 5.88, a quick ratio of 3.28 and a debt-to-equity ratio of 23.55. The firm’s fifty day moving average is GBX 872.70 and its 200 day moving average is GBX 740.58.

Fresnillo Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, April 17th will be paid a $0.68 dividend. The ex-dividend date is Thursday, April 17th. This is a positive change from Fresnillo’s previous dividend of $0.06. This represents a dividend yield of 5.49%. 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.