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

Fresnillo plc (LON:FRES - Get Free Report)'s share price traded down 5.8% during mid-day trading on Tuesday . The stock traded as low as GBX 998 ($13.26) and last traded at GBX 999.50 ($13.28). 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 ($14.09).

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Canaccord Genuity Group increased their price target on Fresnillo from GBX 805 ($10.69) to GBX 980 ($13.02) and gave the stock a "hold" rating in a report on Thursday, April 24th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a GBX 880 ($11.69) target price on shares of Fresnillo in a research note on Thursday, March 13th. Finally, Berenberg Bank upped their price objective on Fresnillo from GBX 1,310 ($17.40) to GBX 1,320 ($17.53) and gave the stock a "buy" rating in a research report on Wednesday, April 23rd.

Fresnillo Price Performance

The company's fifty day moving average is GBX 964.66 and its 200 day moving average is GBX 790.49. The firm has a market cap of £9.24 billion, a price-to-earnings ratio of 37.27, a PEG ratio of -1.58 and a beta of 0.15. 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 firm also recently disclosed a dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, April 17th will be paid a dividend of $0.68 per share. This represents a dividend yield of 5.49%. This is an increase from Fresnillo's previous dividend of $0.06. The ex-dividend date is Thursday, April 17th. Fresnillo's dividend 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.