Fresnillo (FRES)

Sector:

Mining

Index:

FTSE 100

616.40p
   
  • Change Today:
      6.80p
  • 52 Week High: 1,027.50
  • 52 Week Low: 600.00
  • Currency: UK Pounds
  • Shares Issued: 736.89m
  • Volume: 2,032,334
  • Market Cap: £4,542.21m
  • Beta: 0.00

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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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 616.40p
Change Today 6.80p
% Change 1.12 %
52 Week High 1,027.50
52 Week Low 600.00
Volume 2,032,334
Shares Issued 736.89m
Market Cap £4,542.21m
Beta 0.00

Fresnillo Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
52.56% below the market average52.56% below the market average52.56% below the market average52.56% below the market average52.56% below the market average
94.92% below the sector average94.92% below the sector average94.92% below the sector average94.92% below the sector average94.92% below the sector average
Price Trend
70.86% below the market average70.86% below the market average70.86% below the market average70.86% below the market average70.86% below the market average
34.4% below the sector average34.4% below the sector average34.4% below the sector average34.4% below the sector average34.4% below the sector average
Income
63.42% below the market average63.42% below the market average63.42% below the market average63.42% below the market average63.42% below the market average
82.61% below the sector average82.61% below the sector average82.61% below the sector average82.61% below the sector average82.61% below the sector average
Growth
29.1% below the market average29.1% below the market average29.1% below the market average29.1% below the market average29.1% below the market average
80.33% below the sector average80.33% below the sector average80.33% below the sector average80.33% below the sector average80.33% below the sector average

What The Brokers Say

Strong Buy 5
Buy 0
Neutral 10
Sell 0
Strong Sell 0
Total 15
buy
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 17-Oct-2019

Time Volume / Share Price
16:35 480,630 @ 616.40p
16:29 67 @ 617.00p
16:29 172 @ 616.60p
16:29 35 @ 616.80p
16:29 89 @ 616.80p

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