PrairieSky Royalty Ltd (TSE:PSK) had its target price upped by research analysts at Royal Bank Of Canada from C$28.00 to C$29.00 in a research report issued to clients and investors on Thursday, reports. Royal Bank Of Canada’s price objective suggests a potential upside of 1.79% from the stock’s previous close.

Several other brokerages have also issued reports on PSK. Barclays PLC upped their target price on PrairieSky Royalty from C$28.00 to C$29.00 in a research note on Tuesday. RBC Capital Markets lifted their target price on PrairieSky Royalty from C$28.00 to C$29.00 in a research report on Thursday. Raymond James Financial Inc. boosted their price target on PrairieSky Royalty from C$28.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Monday, September 12th. FirstEnergy Capital raised PrairieSky Royalty from a “market perform” rating to an “outperform” rating in a research report on Thursday, July 28th. Finally, Scotiabank reissued an “outperform” rating and issued a C$28.00 price target on shares of PrairieSky Royalty in a research report on Tuesday, July 26th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of C$27.83.

Analyst Recommendations for PrairieSky Royalty (TSE:PSK)

Shares of PrairieSky Royalty (TSE:PSK) traded down 0.04% during mid-day trading on Thursday, hitting $28.49. 405,131 shares of the stock traded hands. The firm’s 50-day moving average is $26.82 and its 200-day moving average is $25.45. The stock has a market cap of $6.52 billion and a price-to-earnings ratio of 320.11. PrairieSky Royalty has a 52 week low of $17.15 and a 52 week high of $28.95.

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The company also recently declared a monthly dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 17th will be paid a dividend of $0.06 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.72 annualized dividend and a yield of 2.53%.

About PrairieSky Royalty

PrairieSky Royalty Ltd. is a Canada-based company, which holds a portfolio of fee simple mineral title, and oil and gas royalty interests in Canada. The Company’s properties are located in British Columbia, Alberta, Saskatchewan and Manitoba. The Company’s assets include the Fee Lands, encompassing approximately 8.8 million acres; the GORR Interests, encompassing approximately 6.6 million acres of the GORR Lands; the GRT Interests, encompassing approximately 0.2 million acres of the GRT Lands; approximately 0.2 million acres of Crown Interest Lands primarily in Alberta, and the Seismic License to certain seismic data of Encana Corporation, encompassing approximately 40,010 kilometers of two dimensional seismic and over 10,760 square kilometers of three dimensional seismic.

Stock Target Prices

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