Will we get a Santa rally this year |
Silver over 2.5% today. |
You may be right Aleman on a possible acquisition at the right time and the right price as many smaller miners are facing problems in Mexico and elsewhere. |
Forecasts continue to creep up since the last update. Free cashflow consensus forecast (13 analysts) from 2023-2026 is currently as follows:
$-55.9m $507.1m $709.7m $598.2m
Net Cash is predicted to reach about $1.1bn in 2026 (+$1.4bn over 3 years) after paying out around $1.3bn in capex and around 90 cents in dividends through 2024-2026 .
I don't think they've got the balance between Net Cash and dividends right but maybe analysts are allowing them to build a war chest for an acquisition or other form of expansion to replace slowly dwindling assets? |
MXN silver has been flirting with its 50-day for several days now, falling below it but recovering three times. Both are around MXN632. It appears to be a topping out trend but stable for now. Spot might decide to drop through and retest the rising 200-day, currently at another new record of MXN533 - up 29.6% over the last 12 months and 70.3% over 5 years.. |
Terrible management low divi and always dosspaoints ... should be rocketing ! Why isn't it |
With all geopolitical issues in Europe, the Middle East and China/Taiwan, it is better to accumulate stocks such as FRES as they are the best defensive stocks on offer.
FRES is the only decent one with location far from trouble while CEY for instance is exposed to the Middle East turbulence. |
MXN530.87 is a new record for silver's 200-day average by all of 0.07. However, it continues its steady rise, just like gold's MXN 200-day, which is now 10.3% above its 2020 peak. |
Aleman .. it’s a shame FRES is not just linked to the price of silver and gold . |
MXN gold still edging up, and only about 1% off its all-time closing high. Might be worth another look in the morning. (It hit a new intraday high in Sterling of £2168.) |
STILL going up - MXN642 and MXN55,387.
Shares not doing much, considering. |
Something happened? Gold just leapt to a new high of £2159.
Edit - gold up and £ down.
Only about 1% off a closing high in MXN and rising.
Silver about 8% off its closing high but also rising.
Edit 2 - It was poor flash Euro PMI which took currencies down. New gold high in Euro of 2608, too. |
Gold strong again at, MXN54,991, and looks to be dragging silver up a bit too, at MXN636.
MXN silver's 200-day average will hit a new record at the close, barring some extreme move in spot. |
Low share price ... bad management and should be rocketing like others imho |
STOP PRESS - PMs remain fairly steady for a couple of weeks.
So Silver's MXN 200-day average should hit a new all time high on Monday, and gold's MXN 200-day keeps hitting them. |
How so Maty ? |
Fresnilo always disappoints .. why ? |
Silver edging up with MXN628 so just might possibly squeak in with a new record fr the MXN 200-day average at the end of this week. |
Only a small bounce off rising 50-days yesterday and back playing with them both again this afternoon. MXN625 and MXN52,342. |
Silver and gold both down and playing with 50-days this morning. MXN619 and MXN52,680. So ... up or down from there? (Both still up over 50% on a year ago.) |
Shift to crypto it seems away from gold . Elon Musk in government .. connected? Probably .. they are all crooks and money mad in the USA |
Silver and gold up again - both by about 0.5%+ this morning to MXN634 and MXN53630. They seem to have bounced convincingly off their 50-day averages? Silver's MXN 200-day average is on course to hit a record in about 8 or 9 working days. |
The company lurches from one problem to another. |
Silver now MXN631 - up 1.1% on Friday's close and +1.9% on 8am. Gold now MXN53,468 - up 0.2% on Friday's close and +0.7% on 8am.
FRES shares are almost back to their price of 12 months ago (+8%) while MXN silver is +59% over 12 months and MXN gold +56%. (To help get a handle on energy costs, Oil is MXN1410 from a 2023 average of around MXN1900 and a peak of MXN 2480 in June 2023.) |
Berenberg raises Fresnillo price target to 850 (720) pence - 'hold'Berenberg raises Hochschild Mining price target to 250 (200) pence - 'hold' |
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