Fresnillo (LON:FRES) Trading Down 2.1% – What’s Next?

Fresnillo plc (LON:FRES)’s stock price fell 2.1% during mid-day trading on Friday . The stock traded as low as GBX 664.50 ($8.39) and last traded at GBX 665.50 ($8.40). 636,991 shares traded hands during trading, a decline of 54% from the average session volume of 1,397,378 shares. The stock had previously closed at GBX 679.50 ($8.58).

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Fresnillo in a report on Friday, November 22nd. Berenberg Bank upped their price target on shares of Fresnillo from GBX 620 ($7.83) to GBX 720 ($9.09) and gave the company a “hold” rating in a research report on Thursday, October 24th.

Fresnillo Stock Performance

The company has a debt-to-equity ratio of 21.66, a current ratio of 5.88 and a quick ratio of 3.28. The company has a market cap of £4.90 billion, a PE ratio of 2,772.92, a P/E/G ratio of -1.58 and a beta of 0.15. The company’s fifty day moving average price is GBX 678.23 and its 200 day moving average price is GBX 610.16.

About Fresnillo

Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. It operates through seven segments: Fresnillo, Saucito, Ciénega, Herradura, Noche Buena, San Julián, and Juanicipio. The company primarily explores for silver, gold, lead, and zinc concentrates. Its projects include the Fresnillo silver mine located in the state of Zacatecas; Saucito silver mine situated in the state of Zacatecas; Ciénega gold mine located in the state of Durango; Herradura gold mine situated in the state of Sonora; Noche Buena gold mine located in the state of Sonora; San Julián silver-gold mine situated on the border of Chihuahua/Durango states; and Juanicipio mine located in the state of Zacatecas.