Freehold Royalties Ltd (FRU) Receives Average Recommendation of “Buy” from Analysts
Shares of Freehold Royalties Ltd (TSE:FRU) have received an average recommendation of “Buy” from the twelve brokerages that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$16.64.
Several equities analysts have recently commented on FRU shares. TD Securities increased their price objective on Freehold Royalties from C$20.00 to C$21.00 and gave the company a “buy” rating in a research report on Thursday, May 11th. Raymond James Financial, Inc. increased their price objective on Freehold Royalties from C$15.50 to C$16.00 and gave the company an “outperform” rating in a research report on Thursday, May 11th.
Shares of Freehold Royalties (FRU) opened at 12.86 on Tuesday. Freehold Royalties has a 1-year low of $10.61 and a 1-year high of $15.16. The company has a 50-day moving average price of $13.14 and a 200 day moving average price of $13.48. The firm has a market capitalization of $1.52 billion and a price-to-earnings ratio of 329.74.
The company also recently announced a monthly dividend, which will be paid on Monday, July 17th. Stockholders of record on Monday, July 17th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $0.60 annualized dividend and a dividend yield of 4.67%.
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About Freehold Royalties
Freehold Royalties Ltd. is a Canada-based company engaged in the development and production of oil and natural gas, predominantly in western Canada. The Company’s primary focus is acquiring and managing oil and natural gas royalties. The Company manages a non-government portfolio of oil and natural gas royalties in Canada.
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