Fresnillo (LON:FRES) Shares Down 5.6% - Should You Sell?

Shares of Fresnillo plc (LON:FRES - Get Free Report) fell 5.6% on Friday . The company traded as low as GBX 1,007 ($13.36) and last traded at GBX 1,021 ($13.55). 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 ($14.35).

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FRES. Berenberg Bank raised shares of Fresnillo to a "buy" rating and increased their price objective for the stock from GBX 840 ($11.15) to GBX 1,020 ($13.54) in a research report on Thursday, March 6th. Canaccord Genuity Group increased their price target on Fresnillo from GBX 760 ($10.09) to GBX 805 ($10.68) and gave the company a "hold" rating in a report on Tuesday, February 25th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a GBX 880 ($11.68) price objective on shares of Fresnillo in a research note on Thursday, March 13th. 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 stock presently has a consensus rating of "Hold" and an average price target of GBX 824 ($10.94).

Fresnillo Price Performance

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 business's fifty day simple moving average is GBX 890.45 and its 200 day simple moving average is GBX 751.47. The stock has a market cap of £9.10 billion, a price-to-earnings ratio of 36.71, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15.

Fresnillo Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, April 17th will be issued a $0.68 dividend. The ex-dividend date is Thursday, April 17th. This represents a yield of 5.49%. This is an increase 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.