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

Shares of Fresnillo plc (LON:FRES - Get Free Report) fell 5.6% during trading on Friday . The company traded as low as GBX 1,007 ($13.36) and last traded at GBX 1,021 ($13.55). Approximately 1,248,325 shares were traded during mid-day trading, a decline of 63% from the average session volume of 3,374,354 shares. The stock had previously closed at GBX 1,081 ($14.35).

Analysts Set New Price Targets

A number of analysts recently weighed in on FRES shares. Canaccord Genuity Group upped their target price on shares of Fresnillo from GBX 760 ($10.09) to GBX 805 ($10.68) and gave the stock a "hold" rating in a report on Tuesday, February 25th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a GBX 880 ($11.68) price target on shares of Fresnillo in a report on Thursday, March 13th. Finally, Berenberg Bank raised Fresnillo to a "buy" rating and lifted their price objective for the company from GBX 840 ($11.15) to GBX 1,020 ($13.54) in a research note 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. According to data from MarketBeat, Fresnillo has an average rating of "Hold" and a consensus target price of GBX 824 ($10.94).

Fresnillo Trading Down 5.2 %

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

Fresnillo Increases Dividend

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