A number of other equities research analysts have also weighed in on PSK. BMO Capital Markets boosted their price objective on PrairieSky Royalty from C$25.50 to C$27.00 in a research report on Thursday, June 30th. AltaCorp Capital lowered PrairieSky Royalty from an outperform rating to a sector perform rating in a research report on Thursday, July 7th. Barclays PLC boosted their price objective on PrairieSky Royalty from C$26.00 to C$28.00 in a research report on Friday, July 22nd. Scotiabank restated an outperform rating and set a C$28.00 price objective on shares of PrairieSky Royalty in a research report on Tuesday, July 26th. Finally, TD Securities reiterated a buy rating and issued a C$31.00 price target on shares of PrairieSky Royalty in a research report on Tuesday, July 26th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of C$27.83.
Shares of PrairieSky Royalty (TSE:PSK) opened at 28.80 on Thursday. The firm has a market cap of $6.59 billion and a price-to-earnings ratio of 323.60. The stock’s 50 day moving average price is $27.02 and its 200-day moving average price is $25.55. PrairieSky Royalty has a 52-week low of $17.15 and a 52-week high of $28.98.
The firm also recently announced a monthly dividend, which was paid on Monday, October 17th. Investors of record on Monday, October 17th were given a dividend of $0.06 per share. The ex-dividend date was Wednesday, September 28th. This represents a $0.72 annualized dividend and a dividend yield of 2.50%.
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.
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