A number of other research analysts also recently commented on PSK. Scotiabank reaffirmed an outperform rating and set a C$28.00 price objective on shares of PrairieSky Royalty in a research note on Tuesday, July 26th. FirstEnergy Capital raised shares of PrairieSky Royalty from a market perform rating to an outperform rating in a research note on Thursday, July 28th. TD Securities reaffirmed a buy rating and set a C$31.00 price objective on shares of PrairieSky Royalty in a research note on Tuesday, July 26th. Canaccord Genuity reaffirmed a buy rating and set a C$31.00 price objective on shares of PrairieSky Royalty in a research note on Monday, June 13th. Finally, AltaCorp Capital downgraded shares of PrairieSky Royalty from an outperform rating to a sector perform rating in a research note on Thursday, July 7th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of Hold and an average target price of C$27.83.
PrairieSky Royalty (TSE:PSK) opened at 28.79 on Tuesday. PrairieSky Royalty has a 1-year low of $17.15 and a 1-year high of $28.95. The stock has a market cap of $6.58 billion and a price-to-earnings ratio of 323.48. The stock has a 50 day moving average of $26.95 and a 200 day moving average of $25.50.
The company also recently disclosed a monthly dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 17th will be given a $0.06 dividend. This represents a $0.72 annualized dividend and a yield of 2.50%. The ex-dividend date is Wednesday, September 28th.
About PrairieSky Royalty
PrairieSky Royalty Ltd. is a Canada-based company, which holds a portfolio of fee simple mineral title, and oil and gas royalty interests in Canada. The Company’s properties are located in British Columbia, Alberta, Saskatchewan and Manitoba. The Company’s assets include the Fee Lands, encompassing approximately 8.8 million acres; the GORR Interests, encompassing approximately 6.6 million acres of the GORR Lands; the GRT Interests, encompassing approximately 0.2 million acres of the GRT Lands; approximately 0.2 million acres of Crown Interest Lands primarily in Alberta, and the Seismic License to certain seismic data of Encana Corporation, encompassing approximately 40,010 kilometers of two dimensional seismic and over 10,760 square kilometers of three dimensional seismic.
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