Cormark Weighs in on Freehold Royalties Ltd’s Q3 2017 Earnings (FRU)

Freehold Royalties Ltd (TSE:FRU) – Investment analysts at Cormark lowered their Q3 2017 earnings estimates for Freehold Royalties in a research note issued on Tuesday. Cormark analyst A. Arif now anticipates that the company will post earnings of $0.01 per share for the quarter, down from their previous estimate of $0.03. Cormark also issued estimates for Freehold Royalties’ Q4 2017 earnings at $0.03 EPS, Q1 2018 earnings at $0.04 EPS, Q2 2018 earnings at $0.04 EPS, Q3 2018 earnings at $0.04 EPS, Q4 2018 earnings at $0.04 EPS and FY2018 earnings at $0.17 EPS.

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FRU has been the subject of a number of other reports. CIBC boosted their price target on Freehold Royalties from C$16.50 to C$17.50 in a report on Tuesday. Scotiabank boosted their price target on Freehold Royalties from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a report on Thursday, August 10th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of C$17.19.

Freehold Royalties (TSE:FRU) opened at 14.91 on Wednesday. The stock has a market cap of $1.76 billion and a P/E ratio of 88.75. The company’s 50-day moving average price is $14.49 and its 200-day moving average price is $13.74. Freehold Royalties has a 1-year low of $11.68 and a 1-year high of $15.22.

The firm also recently announced a monthly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were paid a $0.05 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.60 annualized dividend and a yield of 4.02%.

Freehold Royalties Company Profile

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.

Earnings History and Estimates for Freehold Royalties (TSE:FRU)

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