Freehold Royalties Ltd. (TSE:FRU) Receives Average Recommendation of “Buy” from Brokerages

Freehold Royalties Ltd. (TSE:FRU – Get Rating) has received a consensus rating of “Buy” from the thirteen research firms that are currently covering the stock, Marketbeat reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$16.92.

A number of analysts recently commented on the company. Raymond James set a C$20.00 price target on Freehold Royalties and gave the company an “outperform” rating in a research report on Thursday, May 12th. CIBC raised their target price on Freehold Royalties from C$17.00 to C$19.00 and gave the stock an “outperform” rating in a research report on Thursday, March 3rd. National Bankshares decreased their target price on Freehold Royalties from C$19.50 to C$18.00 in a research report on Thursday, April 14th. Scotiabank raised their target price on Freehold Royalties from C$14.00 to C$15.00 in a research report on Thursday, March 3rd. Finally, TD Securities raised their target price on Freehold Royalties from C$15.50 to C$17.50 and gave the stock a “buy” rating in a research report on Thursday, March 3rd.

Shares of FRU opened at C$14.55 on Thursday. The company has a current ratio of 3.43, a quick ratio of 2.63 and a debt-to-equity ratio of 16.59. The company has a market capitalization of C$2.19 billion and a price-to-earnings ratio of 27.56. The stock has a 50 day moving average of C$14.92 and a 200 day moving average of C$13.32. Freehold Royalties has a 12 month low of C$8.02 and a 12 month high of C$16.12.

The business also recently declared a monthly dividend, which was paid on Monday, April 18th. Stockholders of record on Monday, April 18th were issued a $0.08 dividend. This is a positive change from Freehold Royalties’s previous monthly dividend of $0.06. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.60%. The ex-dividend date was Wednesday, March 30th. Freehold Royalties’s dividend payout ratio (DPR) is presently 117.42%.

Freehold Royalties Company Profile (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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