Freehold Royalties Ltd. (TSE:FRU) Receives C$17.35 Average Price Target from Brokerages

Freehold Royalties Ltd. (TSE:FRU) has earned a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$17.35.

Several analysts have recently commented on the stock. Atb Cap Markets lowered shares of Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Canaccord Genuity Group lowered their price target on shares of Freehold Royalties from C$19.00 to C$18.00 in a research report on Tuesday, October 22nd. Finally, Raymond James upgraded shares of Freehold Royalties to a “hold” rating in a research report on Thursday, October 17th.

Freehold Royalties Stock Up 1.3 %

FRU stock opened at C$14.28 on Tuesday. The company’s 50 day simple moving average is C$13.87 and its 200-day simple moving average is C$13.83. The firm has a market capitalization of C$2.15 billion, a PE ratio of 14.31, a P/E/G ratio of -0.92 and a beta of 1.93. Freehold Royalties has a 12 month low of C$12.66 and a 12 month high of C$14.84. The company has a debt-to-equity ratio of 24.83, a current ratio of 2.05 and a quick ratio of 1.50.

Freehold Royalties Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a $0.09 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.08 annualized dividend and a yield of 7.56%. Freehold Royalties’s dividend payout ratio is presently 108.00%.

About Freehold Royalties

Freehold Royalties Ltd. engages in the acquiring and managing royalty interests in the crude oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. Freehold Royalties Ltd. was founded in 1996 and is headquartered in Calgary, Canada.