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

Fresnillo plc (LON:FRES)’s stock price dropped 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). Approximately 636,991 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 1,397,378 shares. The stock had previously closed at GBX 679.50 ($8.58).

Analysts Set New Price Targets

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

Fresnillo Stock Down 2.1 %

The stock’s 50 day simple moving average is GBX 678.23 and its two-hundred day simple moving average is GBX 610.27. The firm has a market cap of £4.90 billion, a P/E ratio of 2,772.92, a P/E/G ratio of -1.58 and a beta of 0.15. The company has a debt-to-equity ratio of 21.66, a current ratio of 5.88 and a quick ratio of 3.28.

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.