Fresnillo (LON:FRES) Stock Price Down 5.8% - Here's What Happened

Fresnillo plc (LON:FRES - Get Free Report)'s stock price was down 5.8% during mid-day trading on Tuesday . The stock traded as low as GBX 998 ($13.27) and last traded at GBX 999.50 ($13.29). Approximately 1,536,433 shares were traded during mid-day trading, a decline of 52% from the average daily volume of 3,174,844 shares. The stock had previously closed at GBX 1,061 ($14.11).

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on FRES shares. Berenberg Bank increased their price objective on Fresnillo from GBX 1,310 ($17.42) to GBX 1,320 ($17.55) and gave the stock 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 ($11.70) price objective on shares of Fresnillo in a research note on Thursday, March 13th. Finally, Canaccord Genuity Group increased their price objective on Fresnillo from GBX 805 ($10.70) to GBX 980 ($13.03) and gave the stock a "hold" rating in a research note on Thursday, April 24th.

Fresnillo Price 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 firm has a market cap of £9.24 billion, a P/E ratio of 37.27, a PEG ratio of -1.58 and a beta of 0.15. The firm has a 50-day simple moving average of GBX 967.71 and a 200-day simple moving average of GBX 792.48.

Fresnillo Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, April 17th will be given a dividend of $0.68 per share. This represents a yield of 5.49%. The ex-dividend date is Thursday, April 17th. This is a boost from Fresnillo's previous dividend of $0.06. Fresnillo's dividend payout ratio (DPR) is 29.82%.

About Fresnillo

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.