Freehold Royalties Ltd. (TSE:FRU) Receives C$17.35 Consensus Target Price from Analysts

Freehold Royalties Ltd. (TSE:FRU) has earned an average rating of “Moderate Buy” from the eight research firms that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$17.35.

A number of brokerages recently issued reports on FRU. Canaccord Genuity Group decreased their target price on Freehold Royalties from C$19.00 to C$18.00 in a report on Tuesday, October 22nd. Raymond James raised Freehold Royalties to a “hold” rating in a research report on Thursday, October 17th. Finally, Atb Cap Markets lowered Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 15th.

Freehold Royalties Stock Up 1.3 %

Shares of FRU stock opened at C$14.28 on Tuesday. The company has a debt-to-equity ratio of 24.83, a quick ratio of 1.50 and a current ratio of 2.05. The stock has a market cap of C$2.15 billion, a PE ratio of 14.31, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93. The business’s fifty day moving average is C$13.87 and its 200-day moving average is C$13.83. Freehold Royalties has a 1 year low of C$12.66 and a 1 year high of C$14.84.

Freehold Royalties Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 7.56%. Freehold Royalties’s dividend payout ratio is currently 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.