Royal Bank Of Canada Upgrades Freehold Royalties (OTCMKTS:FRHLF) to “Hold”

Freehold Royalties (OTCMKTS:FRHLF) was upgraded by analysts at Royal Bank Of Canada to a “hold” rating in a report issued on Monday,Zacks.com reports.

Other research analysts also recently issued research reports about the company. Canadian Imperial Bank of Commerce upgraded Freehold Royalties to a “hold” rating in a report on Thursday, March 12th. Desjardins upgraded Freehold Royalties to a “hold” rating in a research note on Friday, March 13th. Raymond James Financial downgraded Freehold Royalties from a “moderate buy” rating to a “hold” rating in a research note on Monday, March 30th. Finally, National Bank Financial downgraded Freehold Royalties from an “outperform” rating to a “sector perform” rating in a research note on Friday, January 9th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

Freehold Royalties Trading Down 1.6%

FRHLF opened at $12.30 on Monday. Freehold Royalties has a one year low of $8.04 and a one year high of $13.58. The company has a market cap of $2.02 billion and a P/E ratio of 30.75. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 1.63. The business’s 50-day simple moving average is $12.58 and its 200-day simple moving average is $11.35.

Freehold Royalties (OTCMKTS:FRHLF) last released its quarterly earnings data on Wednesday, March 11th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). Freehold Royalties had a net margin of 29.19% and a return on equity of 8.68%. The business had revenue of $50.83 million during the quarter.

About Freehold Royalties

Freehold Royalties Ltd is a Canadian energy company focused on the acquisition and management of petroleum and natural gas royalty interests. Rather than directly exploring or producing hydrocarbons, Freehold earns a portion of production revenue from wells operated by third parties. The company’s portfolio spans a variety of royalty structures, including freehold and other non-operated interests, which provide exposure to oil, natural gas and natural gas liquids without bearing the full costs and risks of exploration and development.

Freehold’s assets are concentrated in the Western Canadian Sedimentary Basin, with significant royalty interests in Alberta and British Columbia.