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

Fresnillo plc (LON:FRES - Get Free Report)'s share price dropped 5.6% 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 changed hands during trading, a decline of 63% from the average daily volume of 3,374,354 shares. The stock had previously closed at GBX 1,081 ($14.35).

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Royal Bank of Canada restated a "sector perform" rating and set a GBX 880 ($11.68) target price on shares of Fresnillo in a research report on Thursday, March 13th. Canaccord Genuity Group lifted their price objective on shares of Fresnillo from GBX 760 ($10.09) to GBX 805 ($10.68) and gave the company a "hold" rating in a research note on Tuesday, February 25th. Finally, Berenberg Bank upgraded shares of Fresnillo to a "buy" rating and boosted their target price for the company from GBX 840 ($11.15) to GBX 1,020 ($13.54) in a research report on Thursday, March 6th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of GBX 824 ($10.94).

Fresnillo Stock Performance

The company has a debt-to-equity ratio of 23.55, a current ratio of 5.88 and a quick ratio of 3.28. The stock has a market cap of £9.10 billion, a P/E ratio of 36.71, a P/E/G ratio of -1.58 and a beta of 0.15. The company has a fifty day moving average price of GBX 890.45 and a 200 day moving average price of GBX 751.47.

Fresnillo Increases Dividend

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