Freehold Royalties (TSE:FRU) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Freehold Royalties Ltd. (TSE:FRU) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$13.94 and traded as high as C$14.02. Freehold Royalties shares last traded at C$14.01, with a volume of 812,777 shares traded.

Wall Street Analysts Forecast Growth

Separately, Scotiabank decreased their target price on Freehold Royalties from C$18.00 to C$17.00 in a research report on Friday, July 12th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Freehold Royalties currently has an average rating of “Moderate Buy” and an average target price of C$17.45.

Freehold Royalties Stock Performance

The firm has a market cap of C$2.11 billion, a P/E ratio of 14.01, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93. The company has a debt-to-equity ratio of 24.83, a current ratio of 2.05 and a quick ratio of 1.50. The stock’s 50-day moving average price is C$13.75 and its 200 day moving average price is C$13.94.

Freehold Royalties (TSE:FRU) last posted its quarterly earnings data on Wednesday, July 31st. The company reported C$0.26 earnings per share for the quarter. The firm had revenue of C$84.50 million for the quarter. Freehold Royalties had a return on equity of 16.17% and a net margin of 46.41%. As a group, equities analysts predict that Freehold Royalties Ltd. will post 0.7581169 EPS for the current year.

Freehold Royalties Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were given a dividend of $0.09 per share. This represents a $1.08 dividend on an annualized basis and a yield of 7.71%. The ex-dividend date of this dividend was Friday, September 27th. Freehold Royalties’s dividend payout ratio is presently 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.