Freehold Royalties Ltd. (TSE:FRU) Receives C$17.28 Consensus PT from Analysts

Freehold Royalties Ltd. (TSE:FRU) has been given an average rating of “Hold” by the seven analysts that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$17.28.

Several analysts have recently commented on FRU shares. CIBC set a C$16.00 price objective on shares of Freehold Royalties and gave the company a “neutral” rating in a report on Monday. Atb Cap Markets downgraded shares of Freehold Royalties from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 15th. Raymond James raised shares of Freehold Royalties to a “hold” rating in a report on Thursday, October 17th. Finally, Canaccord Genuity Group lowered their price target on shares of Freehold Royalties from C$19.00 to C$18.00 in a report on Tuesday, October 22nd.

Freehold Royalties Price Performance

The company has a 50 day simple moving average of C$13.89 and a two-hundred day simple moving average of C$13.79. The stock has a market cap of C$1.95 billion, a P/E ratio of 12.95, a P/E/G ratio of -0.92 and a beta of 1.93. 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 has a twelve month low of C$12.68 and a twelve month high of C$14.84.

Freehold Royalties Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a dividend of $0.09 per share. This represents a $1.08 annualized dividend and a yield of ∞. The ex-dividend date of this dividend was Friday, November 29th. Freehold Royalties’s payout ratio is 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.