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

Fresnillo plc (LON:FRES - Get Free Report) traded down 5.8% during 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).

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Canaccord Genuity Group lifted their price objective on shares of Fresnillo from GBX 805 ($10.61) to GBX 980 ($12.91) and gave the company a "hold" rating in a research note on Thursday, April 24th. Berenberg Bank lifted 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. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a GBX 880 ($11.59) target price on shares of Fresnillo in a report on Thursday, March 13th.

Fresnillo Trading Down 5.8%

The stock has a market cap of £9.23 billion, a PE ratio of 37.25, a P/E/G ratio of -1.58 and a beta of 0.15. The business's fifty day moving average is GBX 955.02 and its 200 day moving average is GBX 785.65. The company has a quick ratio of 3.28, a current ratio of 5.88 and a debt-to-equity ratio of 23.55.

Fresnillo Increases Dividend

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.