Freehold Royalties (FRU) Hits New 1-Year Low at $12.35

Freehold Royalties (TSE:FRU) hit a new 52-week low during trading on Thursday . The stock traded as low as C$12.35 and last traded at C$12.38, with a volume of 86557 shares trading hands. The stock had previously closed at C$12.52.

FRU has been the topic of several analyst reports. CIBC raised their target price on Freehold Royalties from C$16.00 to C$16.50 in a report on Tuesday, March 20th. Raymond James raised their target price on Freehold Royalties from C$16.00 to C$16.50 in a report on Tuesday, April 24th. Canaccord Genuity upgraded Freehold Royalties from a “hold” rating to a “buy” rating in a report on Monday, March 12th. Finally, Royal Bank of Canada dropped their target price on Freehold Royalties from C$18.00 to C$17.00 and set an “outperform” rating on the stock in a report on Monday, March 12th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Freehold Royalties presently has an average rating of “Buy” and a consensus target price of C$16.56.

Freehold Royalties (TSE:FRU) last posted its quarterly earnings data on Thursday, March 8th. The company reported C$0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.03 by C$0.04. Freehold Royalties had a negative return on equity of 3.83% and a negative net margin of 21.07%. The company had revenue of C$38.24 million for the quarter, compared to the consensus estimate of C$34.90 million.

Freehold Royalties Company Profile

Freehold Royalties Ltd., an oil and gas royalty company, owns working interests in oil, natural gas, and potash properties in Western Canada. It holds approximately 6.1 million gross acres of land from northeastern British Columbia to southern Ontario. It has interests in approximately 42,000 wells and receives royalty from industry operators.

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