You are here

Prices & Quotes - UK Markets - Fresnillo (FRES)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 903.00p
Change Today:
-17.20p
Market Cap:
6,654m
Sector:
Mining

Resource nationalism surges in 2020 as side effect of Covid-19

By Caoimhe Toman

Date: Friday 05 Mar 2021

LONDON (ShareCast) - (Sharecast News) - In 2020, 34 countries have witnessed a significant increase in the nationalisation of natural resources as a side effect of Covid-19, revealed the latest report by Verisk Maplecroft published late on Thursday.
The report recorded a surge in risk over the past year as measured by its Resource Nationalism Index and concluded that the economic impact of Covid-19 was the main factor aggravating an already growing tendency among governments.

Interventionism in the natural resource sector was particularly evident in countries dependent on minerals and hydrocarbons exports.

The report also forecast that nationalism would increase over the following two years as governments tried to claw back the financial losses incurred by the pandemic with the mining industry expected to bear the brunt of such measures.

Other reasons for increased nationalism, the report argued, would be another mining supercycle which would likely intensify nationalism in Africa and Latin America, which hold some of the largest producers of copper and iron ore.

The countries most at risk were deemed to be Zimbabwe, Liberia, Mexico and Argentina, among others.

Those countries were also the most likely to turn to indigenisation and direct expropriations with no or little compensation.

In Latin America, the main driver for resource nationalism usually comes from ideology or pressure from communities that host mining projects.

In Africa, it was likely that governments would take such measures due to governance shortcomings and not nationalist sentiment.

The report also said that, regardless of Covid-19, the trend towards rising resource nationalism would have continued deepening in 2021 anyhow, particularly in jurisdictions where interventionism delivers a political dividend.

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
Price 903.00p
Change Today -17.20p
52 Week High 1,357.50p
52 Week Low 686.60p
Volume 1,118,959
Shares Issued 736.89m
Market Cap 6,654m

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Trend
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
Income
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Growth
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector
Price Chg 6m
market
  1. empty market
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
P/E
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
PEG
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Dividend Yield
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
EPS Growth
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
Operating Margin
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 8
Sell 0
Strong Sell 3
Total 15
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 22-Apr-21 06-Aug-20
Paid 30-Jun-21 16-Sep-20
Amount 23.50¢ 2.30¢

Trades for 11-May-2021

Time Volume / Share Price
16:35 233,668 @ 903.00p
16:29 15 @ 903.40p
16:29 7 @ 902.60p
16:29 12 @ 903.00p
16:29 3 @ 902.20p

Fresnillo Key Personnel