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

Fresnillo plc (LON:FRES - Get Free Report)'s share price dropped 5.6% during mid-day trading on Friday . The stock traded as low as GBX 1,007 ($13.36) and last traded at GBX 1,021 ($13.55). Approximately 1,248,325 shares changed hands 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

Several research firms have recently commented on FRES. Canaccord Genuity Group boosted their price target on shares of Fresnillo from GBX 760 ($10.09) to GBX 805 ($10.68) and gave the company a "hold" rating in a report on Tuesday, February 25th. Royal Bank of Canada restated a "sector perform" rating and set a GBX 880 ($11.68) target price on shares of Fresnillo in a 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 ($11.15) to GBX 1,020 ($13.54) in a research report on Thursday, March 6th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of GBX 824 ($10.94).

Fresnillo Stock Performance

The company has a current ratio of 5.88, a quick ratio of 3.28 and a debt-to-equity ratio of 23.55. The stock has a market cap of £9.10 billion, a PE ratio of 36.71, a P/E/G ratio of -1.58 and a beta of 0.15. The business's 50-day moving average price is GBX 890.45 and its 200-day moving average price is GBX 751.47.

Fresnillo Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, April 17th will be paid a $0.68 dividend. The ex-dividend date is Thursday, April 17th. This is a boost from Fresnillo's previous dividend of $0.06. This represents a yield of 5.49%. Fresnillo's dividend payout ratio (DPR) 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.