Freehold Royalties Ltd. (TSE:FRU) Receives C$17.06 Average Target Price from Analysts

Freehold Royalties Ltd. (TSE:FRU) has earned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$17.06.

A number of equities research analysts have weighed in on FRU shares. Raymond James raised Freehold Royalties to a “hold” rating in a report on Thursday, October 17th. BMO Capital Markets raised Freehold Royalties from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 16th. Canaccord Genuity Group lowered their target price on Freehold Royalties from C$19.00 to C$18.00 in a research note on Tuesday, October 22nd. CIBC set a C$16.00 price target on shares of Freehold Royalties and gave the company a “neutral” rating in a research note on Monday, December 16th. Finally, Atb Cap Markets cut shares of Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 15th.

Freehold Royalties Stock Performance

TSE FRU opened at C$13.40 on Wednesday. The firm’s 50 day simple moving average is C$13.45 and its 200 day simple moving average is C$13.68. The firm has a market capitalization of C$2.02 billion, a price-to-earnings ratio of 13.40, a P/E/G ratio of -0.92 and a beta of 1.93. The company has a current ratio of 2.05, a quick ratio of 1.50 and a debt-to-equity ratio of 24.83. Freehold Royalties has a 1 year low of C$12.19 and a 1 year high of C$14.84.

Freehold Royalties Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th will be given a $0.09 dividend. This represents a $1.08 annualized dividend and a yield of 8.06%. The ex-dividend date is Tuesday, December 31st. Freehold Royalties’s dividend payout ratio (DPR) 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.