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

Fresnillo plc (LON:FRES - Get Free Report)'s stock price dropped 5.6% during mid-day trading on Friday . The stock traded as low as GBX 1,007 ($13.34) and last traded at GBX 1,021 ($13.53). Approximately 1,248,325 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 3,374,354 shares. The stock had previously closed at GBX 1,081 ($14.32).

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Canaccord Genuity Group increased their target price on Fresnillo from GBX 760 ($10.07) to GBX 805 ($10.67) and gave the company a "hold" rating in a research note on Tuesday, February 25th. Berenberg Bank upgraded shares of Fresnillo to a "buy" rating and lifted their price objective for the company from GBX 840 ($11.13) to GBX 1,020 ($13.52) in a research report on Thursday, March 6th. Finally, Royal Bank of Canada reiterated 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 equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Fresnillo has an average rating of "Hold" and an average target price of GBX 824 ($10.92).

Fresnillo Stock Down 5.2 %

The business's 50-day moving average is GBX 886.72 and its 200-day moving average is GBX 749.86. The firm has a market cap of £9.10 billion, a price-to-earnings 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.

Fresnillo Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, April 17th will be issued a dividend of $0.68 per share. This is a boost from Fresnillo's previous dividend of $0.06. This represents a yield of 5.49%. The ex-dividend date is Thursday, April 17th. Fresnillo's 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.