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Fresnillo (LON:FRES) Stock Price Down 12.2% - Should You Sell?

Fresnillo logo with Basic Materials background

Key Points

  • Fresnillo plc's stock fell by 12.2%, closing at GBX 2,114 ($28.34), with trading volume down 14% from its average.
  • Several analysts have raised their price targets for Fresnillo, with a consensus rating of "Moderate Buy" and a target price of GBX 2,048.
  • Fresnillo is recognized as the world's largest silver producer and Mexico's largest gold producer, focusing on developing low-cost mining projects.
  • Interested in Fresnillo? Here are five stocks we like better.

Shares of Fresnillo plc (LON:FRES - Get Free Report) dropped 12.2% during trading on Tuesday . The stock traded as low as GBX 2,000 ($26.81) and last traded at GBX 2,114 ($28.34). Approximately 2,780,052 shares changed hands during trading, a decline of 14% from the average daily volume of 3,248,329 shares. The stock had previously closed at GBX 2,408 ($32.28).

Wall Street Analyst Weigh In

FRES has been the subject of several research reports. Citigroup raised their price target on shares of Fresnillo from GBX 1,300 to GBX 1,700 and gave the stock a "buy" rating in a report on Thursday, July 10th. Canaccord Genuity Group lifted their target price on shares of Fresnillo from GBX 980 to GBX 2,440 and gave the company a "hold" rating in a research note on Friday. JPMorgan Chase & Co. lifted their target price on shares of Fresnillo from GBX 1,850 to GBX 2,100 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Royal Bank Of Canada lifted their target price on shares of Fresnillo from GBX 1,200 to GBX 1,400 and gave the company a "sector perform" rating in a research note on Monday, August 11th. Finally, Berenberg Bank lifted their target price on shares of Fresnillo from GBX 1,700 to GBX 2,600 and gave the company a "buy" rating in a research note on Tuesday, October 7th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, Fresnillo currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 2,048.

Check Out Our Latest Stock Report on FRES

Fresnillo Stock Performance

The company has a market cap of £15.58 billion, a P/E ratio of 34.21, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15. The company has a quick ratio of 3.28, a current ratio of 5.88 and a debt-to-equity ratio of 23.55. The stock's 50-day moving average price is GBX 2,117.10 and its 200 day moving average price is GBX 1,555.48.

Fresnillo Company Profile

(Get Free Report)

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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