Freehold Royalties (OTCMKTS:FRHLF) Price Target Increased to C$19.50 by Analysts at National Bank Financial

Freehold Royalties (OTCMKTS:FRHLFGet Rating) had its target price lifted by National Bank Financial from C$18.00 to C$19.50 in a report issued on Thursday morning, The Fly reports.

A number of other analysts have also issued reports on the company. TD Securities boosted their price objective on Freehold Royalties from C$15.50 to C$17.50 in a research note on Thursday, March 3rd. Desjardins boosted their price objective on Freehold Royalties from C$19.00 to C$20.00 in a research note on Monday, March 7th. Raymond James boosted their price objective on Freehold Royalties from C$17.00 to C$19.00 in a research note on Thursday, March 3rd. Royal Bank of Canada boosted their price objective on Freehold Royalties from C$17.00 to C$18.00 in a research note on Thursday, March 3rd. Finally, Scotiabank boosted their price objective on Freehold Royalties from C$14.00 to C$15.00 in a research note on Thursday, March 3rd. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Buy and an average target price of $17.05.

Shares of OTCMKTS FRHLF opened at $11.98 on Thursday. Freehold Royalties has a one year low of $5.78 and a one year high of $12.50. The business’s fifty day moving average price is $11.38 and its 200-day moving average price is $10.06.

The firm also recently declared a dividend, which will be paid on Monday, April 18th. Shareholders of record on Thursday, March 31st will be given a dividend of $0.0632 per share. This is a boost from Freehold Royalties’s previous dividend of $0.05. This represents a yield of 6.41%. The ex-dividend date is Wednesday, March 30th.

About Freehold Royalties (Get Rating)

Freehold Royalties Ltd., an oil and gas royalty company, owns working interests in oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. The company holds approximately 6.2 million gross acres of land in Canada and 0.8 million gross drilling unit acres in the United States.

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