Fresnillo (FRES)

Sector:

Mining

Index:

FTSE 100

580.50p
   
  • Change Today:
      2.00p
  • 52 Week High: 734.60
  • 52 Week Low: 441.40
  • Currency: UK Pounds
  • Shares Issued: 736.89m
  • Volume: 826,674
  • Market Cap: £4,277.67m

BofA hikes target for gold 18 months ahead by half

By Alexander Bueso

Date: Tuesday 21 Apr 2020

LONDON (ShareCast) - (Sharecast News) - Strategists at Bank of America hiked their target for gold prices in 18 months' time by half in anticipation of central banks and governments doubling the size of their balance sheets and fiscal deficits, respectively.

BofA now expected the yellow metal to hit $3,000/oz., versus a prior price forecast of $2,000/oz..

Central banks' balance sheets had remained "stable" at between 21% to 28% of gross domestic product over the past decade, much like the price of gold, but that was about to change, the investment bank's strategists said.

On the flip-side nevertheless, they cautioned that "a strong USD backdrop, falling equity market volatility, and weak jewelry demand in India & China may remain headwinds."

-- More to follow --



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Fresnillo Market Data

Currency UK Pounds
Share Price 580.50p
Change Today 2.00p
% Change 0.35 %
52 Week High 734.60
52 Week Low 441.40
Volume 826,674
Shares Issued 736.89m
Market Cap £4,277.67m

Fresnillo Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
69.13% below the market average69.13% below the market average69.13% below the market average69.13% below the market average69.13% below the market average
80.3% below the sector average80.3% below the sector average80.3% below the sector average80.3% below the sector average80.3% below the sector average
Price Trend
18% below the market average18% below the market average18% below the market average18% below the market average18% below the market average
35.17% above the sector average35.17% above the sector average35.17% above the sector average35.17% above the sector average35.17% above the sector average
Income
79.95% below the market average79.95% below the market average79.95% below the market average79.95% below the market average79.95% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average
Growth
92.62% below the market average92.62% below the market average92.62% below the market average92.62% below the market average92.62% below the market average
87.3% below the sector average87.3% below the sector average87.3% below the sector average87.3% below the sector average87.3% below the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 10
Sell 1
Strong Sell 0
Total 13
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 18-Apr-24 10-Aug-23
Paid 29-May-24 14-Sep-23
Amount 4.20¢ 1.40¢

Trades for 24-Apr-2024

Time Volume / Share Price
16:35 232,801 @ 580.50p
16:35 15 @ 580.50p
16:35 1,049 @ 580.50p
16:35 561 @ 580.50p
16:35 1,093 @ 580.50p

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