Freehold Royalties (OTCMKTS:FRHLF) Reaches New 1-Year High – Here’s Why

Freehold Royalties Ltd (OTCMKTS:FRHLF) shares hit a new 52-week high during trading on Friday . The company traded as high as $13.1180 and last traded at $12.80, with a volume of 23514 shares traded. The stock had previously closed at $12.8055.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Raymond James Financial upgraded Freehold Royalties from a “market perform” rating to an “outperform” rating in a research note on Monday, December 8th. Desjardins reiterated a “hold” rating on shares of Freehold Royalties in a research report on Monday, November 17th. Finally, National Bank Financial cut shares of Freehold Royalties from an “outperform” rating to a “sector perform” rating in a research report on Friday, January 9th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Freehold Royalties Stock Up 0.9%

The firm has a market cap of $2.12 billion and a price-to-earnings ratio of 22.28. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.63 and a quick ratio of 1.63. The firm’s fifty day moving average is $11.75 and its two-hundred day moving average is $10.69.

Freehold Royalties Company Profile

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.