Freehold Royalties (TSE:FRU) had its price target upped by National Bank Financial from C$16.50 to C$18.00 in a research note published on Tuesday. They currently have an outperform rating on the stock.
A number of other research firms have also commented on FRU. Canaccord Genuity lifted their price objective on Freehold Royalties from C$16.00 to C$17.00 in a research note on Monday, November 13th. Eight Capital cut their price objective on Freehold Royalties from C$17.75 to C$17.50 in a research note on Monday, November 13th. Raymond James Financial lifted their price objective on Freehold Royalties from C$15.50 to C$16.50 and gave the stock an outperform rating in a research note on Friday, November 10th. Barclays lifted their price objective on Freehold Royalties from C$14.00 to C$15.00 in a research note on Monday, October 30th. Finally, CIBC boosted their price target on Freehold Royalties from C$16.50 to C$17.50 in a research note on Tuesday, October 17th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of Buy and a consensus target price of C$17.00.
Freehold Royalties (TSE FRU) traded down C$0.09 during trading on Tuesday, hitting C$14.00. The company had a trading volume of 266,720 shares, compared to its average volume of 309,556. The firm has a market capitalization of $1,660.00, a price-to-earnings ratio of 73.68 and a beta of 0.46. Freehold Royalties has a one year low of C$11.96 and a one year high of C$16.41.
The firm also recently declared a monthly dividend, which will be paid on Monday, January 15th. Shareholders of record on Sunday, December 31st will be paid a $0.05 dividend. This represents a $0.60 annualized dividend and a yield of 4.29%. The ex-dividend date is Thursday, December 28th. Freehold Royalties’s dividend payout ratio (DPR) is presently 294.74%.
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About Freehold Royalties
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.
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