Fresnillo (LON:FRES) Shares Down 0.4% - Here's What Happened

Key Points

• Shares fell 0.4% to GBX 3,411 on Friday with trading volume plunging about 92% below the average session (711,189 shares vs. 8.7M).
• Analyst sentiment is mixed with a consensus rating of Hold and a consensus price target of GBX 3,528; notable updates include JPMorgan cutting its target to GBX 5,400 while Citigroup raised its target to GBX 5,000.
• Fresnillo is the world’s largest silver producer and Mexico’s largest gold producer, with a market cap of £24.9B, P/E of 18.0, strong liquidity ratios (quick ratio 3.28, current ratio 4.35) and low leverage (debt-to-equity 18.37).

Fresnillo plc (LON:FRES - Get Free Report) fell 0.4% during trading on Friday . The company traded as low as GBX 3,392 and last traded at GBX 3,411. 711,189 shares traded hands during trading, a decline of 92% from the average session volume of 8,709,377 shares. The stock had previously closed at GBX 3,426.

Analyst Ratings Changes

Several equities research analysts recently commented on FRES shares. JPMorgan Chase & Co. dropped their target price on Fresnillo from GBX 5,500 to GBX 5,400 and set an "overweight" rating on the stock in a report on Tuesday, April 7th. Citigroup lifted their price target on Fresnillo from GBX 4,600 to GBX 5,000 and gave the company a "buy" rating in a research report on Monday, April 13th. Finally, Berenberg Bank reissued a "hold" rating and issued a GBX 3,400 price objective on shares of Fresnillo in a research note on Thursday. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, Fresnillo presently has an average rating of "Hold" and a consensus price target of GBX 3,528.

Fresnillo Stock Performance

The company has a quick ratio of 3.28, a current ratio of 4.35 and a debt-to-equity ratio of 18.37. The stock has a market cap of £24.90 billion, a price-to-earnings ratio of 18.00, a price-to-earnings-growth ratio of -1.58 and a beta of 0.78. The company's 50-day simple moving average is GBX 3,597.02 and its 200-day simple moving average is GBX 3,196.01.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.