Share Name Share Symbol Market Type Share ISIN Share Description
Fresnillo Plc LSE:FRES London Ordinary Share GB00B2QPKJ12 ORD USD0.50
  Price Change % Change Share Price Shares Traded Last Trade
  -41.80 -4.39% 910.00 4,371,409 16:35:11
Bid Price Offer Price High Price Low Price Open Price
906.00 908.20 944.80 906.40 941.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 1,598.28 134.79 20.89 45.8 6,706
Last Trade Time Trade Type Trade Size Trade Price Currency
18:06:17 O 1,204 927.807 GBX

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Date Time Title Posts
28/2/202112:25FRESNILLO precious metals12,870
05/11/202016:08Fresnillo - With PM Charts64
29/8/201911:59Number works3
20/6/201910:50Fresnillo - 2018 and beyong10
11/4/201912:29Darren Sindendiscusses Fresnillo on Tip TV2

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Fresnillo Daily Update: Fresnillo Plc is listed in the Mining sector of the London Stock Exchange with ticker FRES. The last closing price for Fresnillo was 951.80p.
Fresnillo Plc has a 4 week average price of 906.40p and a 12 week average price of 905.60p.
The 1 year high share price is 1,379.50p while the 1 year low share price is currently 458.30p.
There are currently 736,893,589 shares in issue and the average daily traded volume is 1,734,568 shares. The market capitalisation of Fresnillo Plc is £6,705,731,659.90.
henryxx: Hi -Have not contributed for a while. A few observations about the silver market. There are essentially two markets - the paper market and the physical market. Up until about 18 months ago the the physical market had lain dormant so that actions in the paper market always held sway in determining the spot price of silver. Since then the physical market has come to life in a big way because of the increasing industrial demand for silver (ie solar panels, batteries, phones etc). We now have a situation where the price of silver in the physical market is significantly at variance with the paper spot price and yet it would seem that the equity market has lost sight of this ! (basically it continues to use the paper spot price for share price determination)- clearly this situation cannot last much longer particularly in view of the way the physical market is taking off. The paper spot price of silver has been suppressed for years courtesy of 8 Bullion banks( there were 9 but JP Morgan closed out its short position in March of 2020 - hence the reason why silver dropped to $12)- these guys are the big shorts in the paper market and control about 45% of the market). However the big shorts now find themselves in an increasingly difficult position because of the increasing number of longs coming into the paper market (they can see the way the wind is blowing in the physical market ) - hence the reason why the spot price keeps creeping up. The big shorts are now sitting on $3Bn of losses at the current price($11Bn in the gold market). They are in bind and they know it - expect them to launch a bear raid and close out their shorts but in my view it will be a damage limitation exercise - I would be surprised to see silver drop very significantly from current levels. Once they close out their shorts expect the spot price to rise dramatically at which point there will a much higher degree of correlation between the paper spot price and the price in the physical market. If they don't close out their shorts and they continue to dictate terms in the paper market it is quite possible the paper market becomes irrelevant because of the increasing dominance of the physical market - in short the physical market will determine the price of silver. Either way the price of silver is likely to be dramatically affected(ie big increase). This is my take on events which are likely to be fast moving over the next 2/3 months. In my view if you are long stay long and watch this drama unfold - it could be quite violent. All the best.
trader536: "Buy and hold is not a sensible strategy with fres" Absolute tosh! Read my previous post, FRES has gained 100% over the last 12 months, it has significantly outperformed the market and IMO will continue to do so over the next 12 months. The fact that it went slightly higher in the meantime is to be expected when the monthly ATR is 433p. Holding huge losses then selling for a few pennies profit is what armatures do. Its a losing strategy over the long-term, akin to the martingale strategy. I have a target of 185% profit (on 100% of my holding) with zero fees and expect to hit target later this year or early next year. I pay zero attention to broker views. FRES will rise based on the rise in the 12 month average silver price. Earnings and therefore share price movement will lag the silver price rise by up to a year.
zicopele: could have sold at multiple points in the last year and traded the dips. Right now Fres seems to be probing the bottom of a range with a price of Au which is very supportive of a stronger price. Buy and hold is not a sensible strategy with fres. It is a trading stock. That said, I am perplexed at its current price which appears to be low especially with the enormous cashflow currently being generated. By the way check out MAG which is fres partner in Juanicipio. That stock is doing quite well which would suggest that the programme of works at Juanicipio is doing well. Yet fres gets a downgrade to £7.
trader536: zicopele - why? Silver is up about 50% since Feb 2020 and FRES share price is up around 100% over the same period while the FTSE is down by around 7% Anyone who held FRES over the last 12 months has outperformed the market significantly, something which most fund managers fail to do. How would you have faired if you had parked your cash in the bank for 12 months?
permbear: FRES is a busted flush. Yes PMs dipped yesterday and Pound strengthened but share price capitulation yesterday was completely disproportionate and just so typical of its pattern over the last few months, POLY was only marginally down. From a share price perspective, FRES is back to where it was in July 2020. On strong PM days it bumbles along +2% at best and I frequently witness subdued sessions when the share price ought to be flying. I got out on Jan 7th at around 1260 (my entry prices ranged from circa 600-950), still a tidy profit but I'm very disappointed with FRES overall. Even if does go on to rally a bit later this year, so what? It's been an extremely poor use of capital for 6 months now and there are so many better places to deploy cash at the moment both in equities and crypto. Adios amigo.
wallywoo: Fres certainly has been a great trading share over the last 12 months. However, for now the market is ignoring the fact that silver price has risen over 50 percent in 12 months (where the gold price is around 25 percent). This has also been boosted by a Mexican peso drop for 8 months, though it is back up now and of course a low oil price. Once that filters down to the bottom line, the share price will move quickly on to £15+ IMO. I know Fres have had a production problem or two, but compared to most miners have fared the covid crisis well. With the vaccine and the metal prices it will fly soon. I won't be selling now until that level is reached. January is often the best month for gold and silver prices, so that level could come very quickly IMO. Gold and silver up strongly this morning too!!
plunger2: Patience is very difficult in markets like these where growth stocks are all the rage and the lack of them pushes demand to extraordinary levels and sends prices to the moon (probably in a Tesla rocket :) ) That said most of us here are feeling the increasing disconnect between current PM prices and current prices of PM shares like FRES. This disconnect leads to many ST investors throwing in the towel very quickly as their eyes are drawn to fast moving opportunities elsewhere. That's okay - each to his own. But if PM prices stay elevated (and with truckloads of state debt everywhere how can they not?)it is only a matter of time before PM share prices catch up. Every time there is a large bubble in any asset price the first naysayers are shot down, the second naysayers can go broke, the third naysayers are so isolated that they are dismissed as lunatics and retire to their caves to be hermits! And when that all has happened then KER-POW the bubble bursts. And that's when everything is up for grabs and FRES and co could go up a lot or even go ballistic. I will not be panicking. JMHO
imastu pidgitaswell: FRES and POLY are broadly comparable, and some makeshift arbitrage between the two works quite well. But I would be wary of expecting the same sort of thing for something like CEY or HOC - they are not on the same scale and have particular vulnerabilities in share price terms, whether the main man selling a chunk, or operational balls-ups. That said, both of those have happened, rather then being potential events. It depends on what your objectives are - steady and secure producers with basically share price related to PM prices and production, risky and potential multi baggers (like the one trader is pumping a few posts above) where you could also lose the lot as they have assets but no income, or somewhere in between. fwiw, not a lot, my view is that FRES is broadly in the right place in share price terms - it is out of the woods in terms of being too stretched (which it was with its commitments for the next 36 months), but it is not (only opinion) going to go to 2000 or more. Obviously if PM prices double, then it could go a lot higher - but then the question is what will happen to PM prices rather than FRES as an investment. If you think PM prices are going to fly from here, you could basically buy anything PM related. Anyway, it's Christmas, there will be no volumes, and after quite a good year (from this lark, notably FRES), I'm clearing off from CoP until January. Merry Christmas to one and all. With maybe the odd exception...😜;
permbear: There's been a noticeable partial decoupling of PM prices and Fres share price in the last month or so. Gold up 2% yesterday yet Fres bumbling along sub +2% for most of the session then closing only +1%. Today again, gold back within touching distance of $1,890 again yet Fres currently 1% down and looking worse earlier. Maybe the hedgies have tweaked their algos after repeated disappointing lower ore grade reports. Looks like Fres is falling out of favour after it's insane run to circa 1380 earlier in the year. Any thoughts?
imastu pidgitaswell: Mmmm, seems a genuine sort? Char8888 - 26 Nov 2020 - 17:07:31 - 12289 of 12290 FRESNILLO precious metals - FRES I wish I took your advice trader a while back when you said get into silver at $12! Good shout Char8888 - 06 May 2020 - 22:19:56 - 10667 of 12290 FRESNILLO precious metals - FRES What do you think a good price would be to get in trader? Char8888 - 15 Apr 2020 - 05:42:59 - 10398 of 12290 FRESNILLO precious metals - FRES Good call. Back in after the results. Char8888 - 31 Mar 2020 - 14:28:44 - 10295 of 12290 FRESNILLO precious metals - FRES What’s your next thoughts on the share price Trader. Good call last time! Char8888 - 19 Mar 2020 - 14:38:18 - 10161 of 12290 FRESNILLO precious metals - FRES Trader what’s you next bet? Char8888 - 19 Mar 2020 - 09:26:12 - 10155 of 12290 FRESNILLO precious metals - FRES Not liking these swings in fresnillo today down 9% then up 3.5% then down 3.5% Char8888 - 16 Mar 2020 - 14:52:51 - 10147 of 12290 FRESNILLO precious metals - FRES Bought a load at 4.72. Run Forrest run Char8888 - 16 Mar 2020 - 07:56:25 - 10142 of 12290 FRESNILLO precious metals - FRES Bad time to hold? Char8888 - 28 Feb 2020 - 06:52:16 - 9948 of 12290 FRESNILLO precious metals - FRES Trader what you think? Char8888 - 28 Feb 2020 - 06:50:14 - 9947 of 12290 FRESNILLO precious metals - FRES Thought we were finally getting somewhere! Hope the 1.30 is not realistic! FFS...
Fresnillo share price data is direct from the London Stock Exchange
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