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

Fresnillo plc (LON:FRES - Get Free Report)'s share price fell 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). 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 ($14.32).

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Canaccord Genuity Group upped their price objective on shares of Fresnillo from GBX 760 ($10.07) to GBX 805 ($10.67) and gave the stock a "hold" rating in a research note on Tuesday, February 25th. Royal Bank of Canada reissued 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. Finally, Berenberg Bank raised Fresnillo to a "buy" rating and boosted their price target for the stock from GBX 840 ($11.13) to GBX 1,020 ($13.52) in a research report on Thursday, March 6th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Fresnillo has a consensus rating of "Hold" and a consensus target price of GBX 824 ($10.92).

Fresnillo Stock Down 5.2 %

The firm has a 50-day simple moving average of GBX 886.72 and a 200 day simple moving average of GBX 749.86. The stock has a market capitalization of £9.10 billion, a P/E ratio of 36.71, a P/E/G ratio of -1.58 and a beta of 0.15. The company has a debt-to-equity ratio of 23.55, a current ratio of 5.88 and a quick ratio of 3.28.

Fresnillo Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, April 17th will be issued a dividend of $0.68 per share. This represents a dividend yield of 5.49%. The ex-dividend date of this dividend is Thursday, April 17th. This is a positive change from Fresnillo's previous dividend of $0.06. Fresnillo's payout ratio is 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.