Fresnillo (LON:FRES) Shares Down 10% – Should You Sell?

Fresnillo plc (LON:FRES – Get Free Report) shares fell 10% during mid-day trading on Friday . The stock traded as low as GBX 3,287 and last traded at GBX 3,335. 1,590,592 shares were traded during trading, a decline of 81% from the average session volume of 8,314,937 shares. The stock had previously closed at GBX 3,707.

Analyst Ratings Changes

Several brokerages have recently issued reports on FRES. JPMorgan Chase & Co. reduced their price target on shares of Fresnillo from GBX 5,500 to GBX 5,400 and set an “overweight” rating on the stock in a research report on Tuesday, April 7th. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 3,700 price target on shares of Fresnillo in a research report on Monday, April 27th. Citigroup increased their price target on shares of Fresnillo from GBX 4,600 to GBX 5,000 and gave the stock a “buy” rating in a research report on Monday, April 13th. Finally, Berenberg Bank reissued a “hold” rating and set a GBX 3,400 price target on shares of Fresnillo in a research report on Thursday, April 23rd. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of GBX 3,988.

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Read Our Latest Analysis on FRES

Fresnillo Price Performance

The stock’s 50 day moving average is GBX 3,462.46 and its two-hundred day moving average is GBX 3,307.38. The company has a debt-to-equity ratio of 18.37, a current ratio of 4.35 and a quick ratio of 3.28. The stock has a market capitalization of £24.69 billion, a PE ratio of 17.84, a price-to-earnings-growth ratio of -1.58 and a beta of 0.75.

About Fresnillo

(Get Free Report)

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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