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FRES Fresnillo Plc

5.20 (0.9%)
07 Dec 2023 - Closed
Delayed by 15 minutes
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
  5.20 0.9% 584.80 499,967 16:35:19
Bid Price Offer Price High Price Low Price Open Price
584.20 584.80 590.40 568.60 571.60
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Silver Ores USD 2.5B USD 271.9M USD 0.3690 15.83 4.3B
Last Trade Time Trade Type Trade Size Trade Price Currency
18:57:41 O 1,312 584.80 GBX

Fresnillo (FRES) Latest News

Fresnillo (FRES) Discussions and Chat

Fresnillo Forums and Chat

Date Time Title Posts
04/12/202309:12FRESNILLO precious metals19,433
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 (FRES) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-12-07 17:27:48584.8047274.85O
2023-12-07 17:20:56588.2015.88O
2023-12-07 17:08:05583.832461,436.23O
2023-12-07 17:06:53578.526924,003.32O
2023-12-07 17:04:23583.294,50426,271.25O

Fresnillo (FRES) Top Chat Posts

Top Posts
Posted at 07/12/2023 08:20 by Fresnillo Daily Update
Fresnillo Plc is listed in the Silver Ores sector of the London Stock Exchange with ticker FRES. The last closing price for Fresnillo was 579.60p.
Fresnillo currently has 736,894,000 shares in issue. The market capitalisation of Fresnillo is £4,304,934,748.
Fresnillo has a price to earnings ratio (PE ratio) of 15.83.
This morning FRES shares opened at 571.60p
Posted at 01/12/2023 17:34 by aleman
Miners' share prices lingering behind the gold price:

Gold is at a record high, propelled in recent weeks by a dip in bond yields and a weaker U.S. dollar, plus some elevated geopolitical risk. That’s finally bringing some relief to shares of gold miners and other gold-linked stocks. History suggests the rally has legs.
Posted at 30/11/2023 16:46 by aleman
Wow. MXN 438. When silver was this price in May, we were 650p, and when this price in January, the shares were 850p. The shares look increasingly out of line with the Peso silver price. Other variables are available.
Posted at 06/10/2023 16:55 by lovewinshatelosses
True, but given the latest US jobs data...look at the current gold and silver price. IMO, detached from normal/conventional patterns. Especially given the current USD strength.
Forward guidance here may help holders, because I agree that H2 numbers are likely to come in at the lower end of guidance. On the other hand, this is FRES, where anything (good or bad!) is entirely possible, as far as share price action goes :)
As for those jobs numbers...I must be stupid, because they look to me for all the world like mainly low paid, part time positions (as well as some more government non-jobs, which probably should be low paid, even though they probably are not).
Still, we trade what we see, and as long as market sentiment is positive, might as well make some profits before the music stops.
Posted at 26/9/2023 14:41 by lovewinshatelosses
Silver chart not looking too rosy; I think we are going down further for a bit.
If that plays out, and the share price reflects the spot price decline, will take a few more here and over at PAAS at that point. GLA.
Posted at 19/8/2023 09:27 by 1knocker
Trader, I agree. If anyone is confident silver is going to $30 the move to make would be to buy silver, not Fres. Then as silver approaches $30 take a look at the Fres price and consider selling the silver and reinvesting the proceeds in Fres (or, better, some more profitable PM miner).
Posted at 10/8/2023 07:37 by kennyp52
trader465 - 12 Dec 2022 - 10:39:58 - 18581 of 19318 FRESNILLO precious metals - FRES
That’s just normal volatility for FRES. I think FRES will be north of £12 next year and £50 3-5 years as silver breaks it’s previous all-time high of $50
Posted at 18/7/2023 05:56 by trader465
IMO the poor share price performance is due to higher operating costs and lower profitability achieved in last years financials, which has resulted in a higher P/E ratio along with two successive dividend cuts.

Adjusted production costs up 15.2% over 2021
Gross profit down 42%
Pretax profit down 59%
Net debt was US$198.7 million as at 31 December 2022. This compares to the net cash position of US$67.5 million as at 31 December 2021.

Last year average achieved silver price was $21.7, this years FRES will need an average achieved silver price of +15% ($25 per oz) to cover increased costs, and indeed, cost may have again risen this year. We’ll find out soon. We have H1 financials on 1st August, that will give us a clue to 2023 full year.

As well as all the above we have weak markets as investors divert funds to higher yielding cash and money market funds.
Posted at 21/6/2023 11:05 by trader465
The lowest cap in the FTSE 100 at the moment is JMAT at £3.1b. If we see a recession the FTSE 100 will fall and the min entry/exit cap will become lower. At current levels the entry/exit min cap of £3.1b keeps Fres in the index unless the share price falls to 430p. Obviously, as the FTSE falls, the exit/entry criteria falls, so Fres could exit the FTSE 100 at a far higher price than 430p
Posted at 21/6/2023 10:21 by sparkey73
That's a guess trader465 isn't it? Have you seen the order book (level 2)?

There is a gap at 620-ish and that is also a natural retracement if you use fib analysis. It is also just below the 640 target following the breakage of the 200day moving value. Shares do seem to fill gaps briefly before re-setting.

You have to look at the valuation too. Fres has come down from $6bn to $4.7bn. That's a massive drop even including rising costs. At £5 we'll be down near $3.9bn. The maths/balance sheet/production projections don't stack up to support that under-valuation.

End of the month we'll have quarter production information - this has to be better than Q1 because of Juanicipio. The brokers will take that new info into account and revise. Yes costs are up - but that market knows this - no surprise there. There have been a couple of strikes but nothing significant as far as we know.

Inflation is still in the 8% region and theorectically lifts all prices - silver and gold. It's hard to analyse the impact though because COMEX is so leveraged in terms of physical metal demand versus paper (contract) demand.

My sense is a dip to 620 and then a reverse as the view on Fres pivots. The revised production projections will start pushing the ask up as brokers look to drum business. Don't forget we've been in a 6 month downward cycle on Fres, whilst metals haven't really changed, FRES Production will be up, inflation has paused its rise, Mex labour costs will be now stable and the FED has paused too.

Sit tight or accumulate at these levels - the risk is lower to the downside than the benefit to the upside than was the case with the price at 960 and a $6bn valuation.
Posted at 21/4/2023 21:38 by pete160
I'm am an investor rather than a trader, but is the movement in the Fres share price that closely aligned with the price of silver? Maybe over years, but it doesn't appear to be when looking at months, weeks or days.Fres share price seems to move between low 700's and 950 independently of what the price of silver is actually doing at the time.
Fresnillo share price data is direct from the London Stock Exchange

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