Fresnillo (FRES)

Sector:

Mining

Index:

FTSE 100

543.00p
   
  • Change Today:
    -2.50p
  • 52 Week High: 669.00
  • 52 Week Low: 441.40
  • Currency: UK Pounds
  • Shares Issued: 736.89m
  • Volume: 463,036
  • Market Cap: £4,001.33m

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 543.00p
Change Today -2.50p
% Change -0.46 %
52 Week High 669.00
52 Week Low 441.40
Volume 463,036
Shares Issued 736.89m
Market Cap £4,001.33m

Fresnillo Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
74.08% below the market average74.08% below the market average74.08% below the market average74.08% below the market average74.08% below the market average
95.45% below the sector average95.45% below the sector average95.45% below the sector average95.45% below the sector average95.45% below the sector average
Price Trend
49.94% below the market average49.94% below the market average49.94% below the market average49.94% below the market average49.94% below the market average
2.82% above the sector average2.82% above the sector average2.82% above the sector average2.82% above the sector average2.82% above the sector average
Income
23.33% below the market average23.33% below the market average23.33% below the market average23.33% below the market average23.33% below the market average
54.55% below the sector average54.55% below the sector average54.55% below the sector average54.55% below the sector average54.55% below the sector average
Growth
93% below the market average93% below the market average93% below the market average93% below the market average93% below the market average
83.61% below the sector average83.61% below the sector average83.61% below the sector average83.61% below the sector average83.61% below the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 11
Sell 0
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 17-Jun-2024

Time Volume / Share Price
16:35 11,970 @ 543.00p
16:35 166 @ 543.00p
16:35 160,607 @ 543.00p
16:35 433 @ 543.00p
16:35 6,452 @ 543.00p

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