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

Fresnillo plc (LON:FRES - Get Free Report) shares were down 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 were traded 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 ($14.35).

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Berenberg Bank upgraded Fresnillo to a "buy" rating and lifted 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. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a GBX 880 ($11.68) target price on shares of Fresnillo in a research report on Thursday, March 13th. Finally, Canaccord Genuity Group raised their price objective on shares of Fresnillo from GBX 760 ($10.09) to GBX 805 ($10.68) and gave the stock a "hold" rating in a report on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of GBX 824 ($10.94).

Fresnillo Stock Performance

The company has a market capitalization of £9.10 billion, a PE ratio of 36.71, a PEG ratio of -1.58 and a beta of 0.15. 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 50-day moving average is GBX 890.45 and its 200-day moving average is GBX 751.47.

Fresnillo Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, April 17th will be given a dividend of $0.68 per share. This represents a yield of 5.49%. The ex-dividend date is Thursday, April 17th. This is a positive change from Fresnillo's previous dividend of $0.06. Fresnillo's dividend payout ratio (DPR) is 29.82%.

About Fresnillo

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.