Fresnillo (FRES)

Sector:

Mining

Index:

FTSE 100

717.40p
   
  • Change Today:
    -39.40p
  • 52 Week High: 921.20
  • 52 Week Low: 527.00
  • Currency: UK Pounds
  • Shares Issued: 736.89m
  • Volume: 1,250,752
  • Market Cap: £5,286m

Moody\'s reduces Fresnillo outlook to \'stable\'

By Sean Farrell

Date: Friday 21 Jun 2019

LONDON (ShareCast) - (Sharecast News) - Moody\'s has reduced its outlook on Fresnillo\'s debt to \'stable\' from \'positive\' citing negative free cash flow expectations and the company\'s exposure to Mexico.


The credit rating agency left its Baa2 ranking unchanged on the precious metals miner despite the weaker outlook. Moody\'s said Fresnillo has low costs, high margins, low debt, the ability to support production and solid corporate governance.

But Moody\'s said that Fresnillo, Mexico\'s biggest gold producer, would be affected by any change in Mexico\'s regulations or operating environment. The company will have negative cash flow in 2019-20 while funding big capital projects and promising to pay half of net profits in dividends, Moody\'s added.

Moody\'s said: \"While Fresnillo maintains solid credit metrics, today\'s rating and outlook action reflects Moody\'s expectation that free cash flow will remain negative in the next 12-18 months, as Fresnillo continues to have large capital spending that entails some execution risks, and the risks related to the group concentration on one country, Mexico, leaving it fully exposed to any adverse change in the country\'s regulatory or operating environment.\"

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Fresnillo Market Data

Currency UK Pounds
Share Price 717.40p
Change Today -39.40p
% Change -5.21 %
52 Week High 921.20
52 Week Low 527.00
Volume 1,250,752
Shares Issued 736.89m
Market Cap £5,286m

Fresnillo Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
84.48% below the market average84.48% below the market average84.48% below the market average84.48% below the market average84.48% below the market average
96.52% below the sector average96.52% below the sector average96.52% below the sector average96.52% below the sector average96.52% below the sector average
Price Trend
26.29% above the market average26.29% above the market average26.29% above the market average26.29% above the market average26.29% above the market average
23.58% above the sector average23.58% above the sector average23.58% above the sector average23.58% above the sector average23.58% above the sector average
Income
87.8% below the market average87.8% below the market average87.8% below the market average87.8% below the market average87.8% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
97.09% below the market average97.09% below the market average97.09% below the market average97.09% below the market average97.09% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 13
Sell 0
Strong Sell 1
Total 15
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
  Final Interim
Ex-Div 23-Apr-20 08-Aug-19
Paid 02-Jun-20 06-Sep-19
Amount 11.90¢ 2.60¢

Trades for 05-Jun-2020

Time Volume / Share Price
16:05 350 @ 717.40p
16:05 21 @ 717.20p
16:05 109 @ 717.20p
16:05 78 @ 718.00p
16:05 250 @ 718.00p

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