Freehold Royalties Ltd (TSE:FRU) – Investment analysts at Cormark issued their Q1 2018 earnings estimates for Freehold Royalties in a report issued on Monday, March 12th, Zacks Investment Research reports. Cormark analyst A. Arif expects that the company will post earnings of $0.05 per share for the quarter. Cormark also issued estimates for Freehold Royalties’ Q2 2018 earnings at $0.04 EPS, Q3 2018 earnings at $0.04 EPS, Q4 2018 earnings at $0.06 EPS, FY2018 earnings at $0.20 EPS and FY2019 earnings at $0.26 EPS.
Other equities analysts have also recently issued research reports about the company. CIBC increased their target price on Freehold Royalties from C$16.00 to C$16.50 in a report on Tuesday, March 20th. Royal Bank of Canada lowered their target price on Freehold Royalties from C$18.00 to C$17.00 and set an “outperform” rating for the company in a report on Monday, March 12th. Canaccord Genuity upgraded Freehold Royalties from a “hold” rating to a “buy” rating in a report on Monday, March 12th. Raymond James Financial lowered their target price on Freehold Royalties from C$16.00 to C$15.50 and set an “outperform” rating for the company in a report on Friday, March 9th. Finally, National Bank Financial increased their target price on Freehold Royalties from C$16.50 to C$18.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of C$16.94.
Freehold Royalties stock traded down C$0.31 during mid-day trading on Wednesday, hitting C$12.60. 170,783 shares of the company’s stock were exchanged, compared to its average volume of 249,386. Freehold Royalties has a fifty-two week low of C$11.71 and a fifty-two week high of C$16.41.
Freehold Royalties (TSE:FRU) last issued its quarterly earnings data on Thursday, March 8th. The company reported C$0.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.03 by C$0.04. The business had revenue of C$38.24 million for the quarter, compared to the consensus estimate of C$34.90 million. Freehold Royalties had a negative return on equity of 3.83% and a negative net margin of 21.07%.
The business also recently disclosed a monthly dividend, which will be paid on Monday, April 16th. Stockholders of record on Monday, April 16th will be issued a $0.0525 dividend. This is a boost from Freehold Royalties’s previous monthly dividend of $0.05. The ex-dividend date is Wednesday, March 28th. This represents a $0.63 annualized dividend and a dividend yield of 5.00%.
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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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