Fresnillo (FRES)

Sector:

Mining

Index:

FTSE 100

619.40p
   
  • Change Today:
    -7.60p
  • 52 Week High: 1,027.50
  • 52 Week Low: 601.00
  • Currency: UK Pounds
  • Shares Issued: 736.89m
  • Volume: 1,932,225
  • Market Cap: £4,564.32m
  • Beta: 0.42

Fresnillo says 2019 to be 'challenging year'

By Frank Prenesti

Date: Tuesday 21 May 2019

LONDON (ShareCast) - (Sharecast News) - Gold and sliver miner Fresnillo said it expected 2019 to be "a more challenging year" than 2018, with a number of industry variables "potentially working against us".
In a statement ahead of the company's annual shareholder meeting, Fresnillo said despite the tough year ahead, "internal conditions in the long-term remain sound".

"We maintain our confidence in Mexico and will keep investing in the projects under exploration. As we reported in April, first quarter production was down as expected on the same period last year, though slightly weaker than anticipated," the company said.

"Full year guidance however remains unchanged as we expect to realise the benefits from the investments we have made into the operations."

Silver output slipped 14.8% to 13.1m ounces in the quarter to March 31, mainly due to lower grades of ore and lower ore throughput, Fresnillo said last month.

Octavio Alvídrez, Fresnillo Chief Executive Officer, said. The company, which mines gold and silver in Mexico, reported lower than expected full-year profit in February while warning of headwinds including lower precious metals prices for 2019.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Fresnillo Market Data

Currency UK Pounds
Share Price 619.40p
Change Today -7.60p
% Change -1.21 %
52 Week High 1,027.50
52 Week Low 601.00
Volume 1,932,225
Shares Issued 736.89m
Market Cap £4,564.32m
Beta 0.42

Fresnillo Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
57.61% below the market average57.61% below the market average57.61% below the market average57.61% below the market average57.61% below the market average
94.87% below the sector average94.87% below the sector average94.87% below the sector average94.87% below the sector average94.87% below the sector average
Price Trend
70.45% below the market average70.45% below the market average70.45% below the market average70.45% below the market average70.45% below the market average
34.96% below the sector average34.96% below the sector average34.96% below the sector average34.96% below the sector average34.96% below the sector average
Income
66.8% below the market average66.8% below the market average66.8% below the market average66.8% below the market average66.8% below the market average
73.91% below the sector average73.91% below the sector average73.91% below the sector average73.91% below the sector average73.91% below the sector average
Growth
29.66% below the market average29.66% below the market average29.66% below the market average29.66% below the market average29.66% below the market average
80% below the sector average80% below the sector average80% below the sector average80% below the sector average80% below the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 9
Sell 0
Strong Sell 1
Total 14
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Fresnillo Dividends

  Latest Previous
  Interim Final
Ex-Div 08-Aug-19 25-Apr-19
Paid 06-Sep-19 24-May-19
Amount 2.60¢ 16.70¢

Trades for 20-Nov-2019

Time Volume / Share Price
16:35 2,781 @ 619.40p
16:35 467,562 @ 619.40p
16:29 126 @ 618.60p
16:29 86 @ 618.40p
16:29 226 @ 618.40p

Top of Page