PrairieSky Royalty Ltd (TSE:PSK) had its price objective boosted by Royal Bank Of Canada from C$28.00 to C$29.00 in a note issued to investors on Thursday, StockTargetPrices.com reports. Royal Bank Of Canada’s target price points to a potential upside of 0.73% from the stock’s previous close.
Several other analysts also recently commented on PSK. Scotiabank reissued an “outperform” rating and set a C$28.00 price objective on shares of PrairieSky Royalty in a research report on Tuesday, July 26th. Barclays PLC upped their target price on shares of PrairieSky Royalty from C$26.00 to C$28.00 in a research note on Friday, July 22nd. RBC Capital Markets upped their target price on shares of PrairieSky Royalty from C$28.00 to C$29.00 in a research note on Thursday. BMO Capital Markets upped their target price on shares of PrairieSky Royalty from C$25.50 to C$27.00 in a research note on Thursday, June 30th. Finally, FirstEnergy Capital upgraded shares of PrairieSky Royalty from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 28th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of C$27.83.
PrairieSky Royalty (TSE:PSK) opened at 28.79 on Thursday. PrairieSky Royalty has a 52 week low of $17.15 and a 52 week high of $28.95. The stock has a market cap of $6.58 billion and a PE ratio of 323.48. The company’s 50-day moving average is $26.95 and its 200 day moving average is $25.50.
The company also recently announced a monthly dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 17th will be paid a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Wednesday, September 28th.
PrairieSky Royalty Company Profile
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.
Receive News & Ratings for PrairieSky Royalty Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PrairieSky Royalty Ltd and related companies with MarketBeat.com's FREE daily email newsletter.