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

Fresnillo plc (LON:FRES - Get Free Report)'s stock price fell 5.8% during mid-day trading on Monday . The company traded as low as GBX 998 ($13.15) and last traded at GBX 999.50 ($13.17). 1,536,433 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 3,174,844 shares. The stock had previously closed at GBX 1,061 ($13.98).

Analysts Set New Price Targets

A number of research firms have issued reports on FRES. Berenberg Bank upped their target price on shares of Fresnillo from GBX 1,310 ($17.26) to GBX 1,320 ($17.39) and gave the company a "buy" rating in a report on Wednesday, April 23rd. Canaccord Genuity Group increased their price objective on shares of Fresnillo from GBX 805 ($10.61) to GBX 980 ($12.91) and gave the stock a "hold" rating in a report on Thursday, April 24th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a GBX 880 ($11.59) price objective on shares of Fresnillo in a report on Thursday, March 13th.

Fresnillo Stock Performance

The firm has a market capitalization of £9.44 billion, a PE ratio of 38.09, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15. The company has a debt-to-equity ratio of 23.55, a quick ratio of 3.28 and a current ratio of 5.88. The company's fifty day moving average price is GBX 955.02 and its two-hundred day moving average price is GBX 785.65.

Fresnillo Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 30th. Investors 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 of this dividend is Thursday, April 17th. This is an increase from Fresnillo's previous dividend of $0.06. Fresnillo's dividend 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.

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