Fresnillo (FRES)

Sector:

Mining

Index:

FTSE 100

578.50p
   
  • Change Today:
    -8.50p
  • 52 Week High: 748.80
  • 52 Week Low: 441.40
  • Currency: UK Pounds
  • Shares Issued: 736.89m
  • Volume: 749,987
  • Market Cap: £4,262.93m

Citi sticks with 'short gold' as appropriate pain trade over medium-term

By Alexander Bueso

Date: Saturday 23 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Citi still think short gold is the appropriate 'pain trade' over the medium-term, despite "tangible" upside risks to their fourth quarter 2021 average spot price forecast of $1,700/oz..
Citi defined medium-term as being the back half of 2022 and 2023.

In their opinion, that was exactly what financial outflows were signalling, notwithstanding the stabilisation in prices between $1,750-1,800/oz. seen quarter-to-date.

Among the factors that might lie behind weaker bullish sentiment towards, particularly versus 2019 and 2020, were the bottoming of TIPS yields in the belly of the curve, more aggressive Fed pricing in STIR markets coupled with a stronger US dollar and inflows into crypto assets.

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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 578.50p
Change Today -8.50p
% Change -1.45 %
52 Week High 748.80
52 Week Low 441.40
Volume 749,987
Shares Issued 736.89m
Market Cap £4,262.93m

Fresnillo Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
70.17% below the market average70.17% below the market average70.17% below the market average70.17% below the market average70.17% below the market average
81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average
Price Trend
21.03% below the market average21.03% below the market average21.03% below the market average21.03% below the market average21.03% below the market average
32.41% above the sector average32.41% above the sector average32.41% above the sector average32.41% above the sector average32.41% above the sector average
Income
79.42% below the market average79.42% below the market average79.42% below the market average79.42% below the market average79.42% below the market average
65.22% below the sector average65.22% below the sector average65.22% below the sector average65.22% below the sector average65.22% below the sector average
Growth
92.63% below the market average92.63% below the market average92.63% below the market average92.63% below the market average92.63% 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 23-Apr-2024

Time Volume / Share Price
16:35 20 @ 578.50p
16:35 207,354 @ 578.50p
16:35 297 @ 578.50p
16:35 618 @ 578.50p
16:35 1,282 @ 578.50p

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