Fresnillo (LON:FRES) Stock Price Down 5.8% - What's Next?

Fresnillo plc (LON:FRES - Get Free Report) shares were down 5.8% during trading on Tuesday . The stock traded as low as GBX 998 ($13.26) and last traded at GBX 999.50 ($13.28). Approximately 1,536,433 shares were traded during trading, a decline of 52% from the average daily volume of 3,174,844 shares. The stock had previously closed at GBX 1,061 ($14.09).

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Berenberg Bank boosted their price objective on Fresnillo from GBX 1,310 ($17.40) to GBX 1,320 ($17.53) and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Royal Bank of Canada reissued a "sector perform" rating and issued a GBX 880 ($11.69) price objective on shares of Fresnillo in a research note on Thursday, March 13th. Finally, Canaccord Genuity Group boosted their target price on Fresnillo from GBX 805 ($10.69) to GBX 980 ($13.02) and gave the company a "hold" rating in a research report on Thursday, April 24th.

Fresnillo Price Performance

The firm has a market capitalization of £9.24 billion, a P/E ratio of 37.27, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15. The business has a 50-day moving average of GBX 964.66 and a 200 day moving average of GBX 790.49. The company has a current ratio of 5.88, a quick ratio of 3.28 and a debt-to-equity ratio of 23.55.

Fresnillo Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, April 17th will be given a $0.68 dividend. This represents a yield of 5.49%. This is a positive change from Fresnillo's previous dividend of $0.06. The ex-dividend date of this dividend is Thursday, April 17th. Fresnillo's payout ratio is presently 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.