Fresnillo (LON:FRES) Stock Price Down 5.6% - Time to Sell?

Shares of Fresnillo plc (LON:FRES - Get Free Report) fell 5.6% during trading on Friday . The company traded as low as GBX 1,007 ($13.34) and last traded at GBX 1,021 ($13.53). 1,248,325 shares traded hands 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 ($14.32).

Analyst Ratings Changes

FRES has been the topic of several research reports. Canaccord Genuity Group lifted their price target on shares of Fresnillo from GBX 760 ($10.07) to GBX 805 ($10.67) and gave the company a "hold" rating in a report on Tuesday, February 25th. Royal Bank of Canada reiterated a "sector perform" rating and issued a GBX 880 ($11.66) price target on shares of Fresnillo in a research note on Thursday, March 13th. Finally, Berenberg Bank upgraded Fresnillo to a "buy" rating and boosted their price objective for the stock from GBX 840 ($11.13) to GBX 1,020 ($13.52) in a research report on Thursday, March 6th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of GBX 824 ($10.92).

Fresnillo Stock Down 5.2 %

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 firm's 50 day moving average price is GBX 886.72 and its two-hundred day moving average price is GBX 749.86. The company has a market cap of £9.10 billion, a P/E ratio of 36.71, a price-to-earnings-growth 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 issued 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.