Fresnillo (LON:FRES) Shares Down 5.6% - Here's What Happened

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Canaccord Genuity Group upped their price objective 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. Berenberg Bank raised shares of Fresnillo to a "buy" rating and increased their price target for the company from GBX 840 ($11.13) to GBX 1,020 ($13.52) in a research note on Thursday, March 6th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a GBX 880 ($11.66) price target on shares of Fresnillo in a research report on Thursday, March 13th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of GBX 824 ($10.92).

Fresnillo Stock Performance

The firm's fifty day moving average is GBX 886.72 and its 200-day moving average is GBX 749.86. 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 stock has a market capitalization of £9.10 billion, a PE 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 declared a dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, April 17th will be paid a $0.68 dividend. 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 payout ratio is 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.