Shares of Freehold Royalties Ltd (TSE:FRU) have been given an average recommendation of “Hold” by the eleven research firms that are covering the stock. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$14.50.
Several analysts have weighed in on FRU shares. Barclays PLC boosted their target price on shares of Freehold Royalties from C$13.00 to C$14.00 in a research report on Friday, July 22nd. BMO Capital Markets upped their price objective on shares of Freehold Royalties from C$14.00 to C$16.00 in a report on Thursday, June 30th. Desjardins set a C$14.00 price objective on shares of Freehold Royalties in a report on Tuesday, June 28th. TD Securities reaffirmed a “buy” rating and issued a C$16.00 price objective on shares of Freehold Royalties in a report on Friday, August 5th. Finally, Canaccord Genuity upped their price objective on shares of Freehold Royalties from C$13.00 to C$14.25 and gave the company a “hold” rating in a report on Wednesday, October 12th.
Shares of Freehold Royalties (TSE:FRU) traded down 0.62% during mid-day trading on Tuesday, reaching $12.87. 101,184 shares of the company’s stock were exchanged. The stock’s market capitalization is $1.51 billion. Freehold Royalties has a 1-year low of $8.29 and a 1-year high of $13.37. The company’s 50 day moving average is $12.02 and its 200 day moving average is $11.63.
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 15th will be given a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date is Thursday, October 27th.
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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