Published on 28 Sep 2023 on Simply Wall St. via Yahoo Finance
Is Fresnillo plc's (LON:FRES) Recent Performance Underpinned By Weak Financials?
With its stock down 8.1% over the past three months, it is easy to disregard Fresnillo (LON:FRES). To decide if this trend could continue, we decided to look at its weak fundamentals as they shape the long-term market trends. Particularly, we will be paying attention to Fresnillo's ROE today.
ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
View our latest analysis for Fresnillo