FRES: 1,156.96 -39.00 (▼3.29%)

Delayed:2016-12-12 18:15:00
Bid Price 1,145.00 High Price 1,186.57
Ask Price 1,148.00 Low Price 1,142.00
Open Price 1,182.00 Spread 0.26%
Prev Close 1,145.00 Volume 1,484,289.00

Fresnillo Share Price Chart


Historic – 1 year

Fresnillo Share Price Information

Name Fresnillo Epic FRES
Sector Mining ISIN GB00B2QPKJ12
Activites Fresnillo plc is the world’s largest primary silver producer and Mexico’s second largest gold producer, listed on the London Stock Exchange under the symbol FRES. Fresnillo has four producing mines, all of them in Mexico – Fresnillo, Ci?nega, Herradura and Soledad-Dipolos; one development project – Saucito; and five advanced exploration prospects – Noche Buena, San Juan, San Julián, Orysivo and Juanicipio as well as a number of other long term exploration prospects and, in total, has mining concessions covering approximately 1.86 million hectares in Mexico. Fresnillo has a strong and long tradition of mining, a proven track record of mine development, reserve replacement, and production costs in the lowest quartile of the cost curve for both silver and gold. Fresnillo’s goal is to maintain the Group’s position as the world’s largest primary silver company, producing 65 million ounces of silver and over 400,000 ounces of gold by 2018. Security Type Equity

Key numbers

Latest Share Price (p) 1,145.00 Net Gearing (%) 28.57
Market Cap (£m) 8,606.92 Gross Gearing (%) 38.45
Shares in issue (m) 736.89 Debt Ratio 36.76
P/E Ratio 121.67 Debt-to-Equity Ratio 0.93
Divs per share (p) 5.45 Assets / Equity Ratio 1.63
Dividend Yield (%) 0.66 Price to book value 3.62
Dividend Cover 1.77 SROCE (%) 5.66
Earning per share (p) 9.60 EPS Growth (%) -34.69
52-week high / low (p) 2,056.00 / 612.50 DPS Growth (%) -31.88

Fresnillo Broker Views

Date Broker Rec. Price Old target price New target price Notes
18 Nov Numis Hold 1,156.96 Retains
16 Nov Numis Hold 1,156.96 1400.00 Upgrades
15 Nov Deutsche Bank Hold 1,156.96 1340.00 Upgrades
10 Nov JP Morgan Cazenove Neutral 1,156.96 Retains
10 Nov Barclays Capital Equal weight 1,156.96 Reiterates

Fresnillo Director Deals

Fresnillo Company News

Broker Forecast – Numis issues a broker note on Fresnillo PLC

Numis today upgrades its investment rating on Fresnillo PLC (LON:FRES) to hold (from reduce) and set its price target at 1400p.

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Broker Forecast – Deutsche Bank issues a broker note on Fresnillo PLC

Deutsche Bank today upgrades its investment rating on Fresnillo PLC (LON:FRES) to hold (from sell) and set its price target at 1340p.

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Broker Forecast – JP Morgan Cazenove issues a broker note on Fresnillo PLC

JP Morgan Cazenove today reaffirms its neutral investment rating on Fresnillo PLC (LON:FRES) and raised its price target to 1750p (from 1630p).

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Broker Forecast – JP Morgan Cazenove issues a broker note on Fresnillo PLC

JP Morgan Cazenove today reaffirms its neutral investment rating on Fresnillo PLC (LON:FRES) and cut its price target to 1630p (from 1680p).

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FTSE falls ahead of US Federal Reserve meeting

Prime Minister Theresa May’s announcement that she will seek ‘maximum possible access’ to the single market and allow MPs to scrutinise the plan to leave the EU caused the pound to rally against the euro and dollar.

The FTSE 100 slumped 0.6% to 7,024 as investors awaited the minutes from the latest US Federal Reserve meeting on interest rates. Wall Street opened lower as investors were cautious over higher US bond yields.

West Texas Intermediate (WTI) crude oil slid 1.3% to $50 and Brent crude fell 1.1% to $51.84 per barrel, respectively.

Gold was flat at $1,253 per ounce and copper rose 0.2% to $4,806 per tonne.


Mining giant Fresnillo (FRES) remained on track to deliver its full-year production guidance, after reporting quarterly results in line with expectations. It was flat after the firm said the second phase of commissioning of the San Julian mine was pushed back.


Scandal-hit sports retailer Sports Direct (SPD) declined 4.7% to 279.7.5p after Cantor Fitzgerald downgraded profit estimates following losses on exchange hedging contracts.

Pizza delivery chain Domino’s Pizza (DOM) failed to impress the market after reporting sales growth in the third quarter of 2016, driven by new stores, and remained upbeat on meeting full year market expectations.

Construction firm Kier (KIE) sold its Mouchel Consulting business to WSP Global for £75m, which will be used for future investment and to cut debt.


Shares in Premier Foods (PFD) declined 6.3% to 48.93p after warning that first-half profit was likely to be below the previous year and posted a drop in second quarter sales due to warmer weather.

Mining minnow Strategic Minerals (SML) continued to soar 23.5% to 1p despite management confirming there was no new news to report a few days ago. The stock rallied 160% in six trading days.

Strong trading and an improvement in cash collection at digital TV solutions supplier Mirada (MIRA) caused the shares to gain 18.5% to 4p.

Oil and gas production company Petroneft Resources (PTR) jumped 13.8% to 3.3p as gross barrels of oil per day rose from 2,460 in the second quarter of 2016 to 3,317 in the third quarter.

Diamondcorp (DCP) cheapened 33.3% to 2.75p on reports of drilling problems at its Lace diamond mine in South Africa, leading the firm to ask investors for a further cash injection of between £2.5m and £3m.

Biotech Synairgen (SNG) crashed 32.3% to 23p on reports that its partner AstraZeneca (AZN) called time on INEXAS asthma treatment after the latest clinical trials data.

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