Freehold Royalties Ltd (FRU) Earns Outperform Rating from Raymond James Financial Inc.
Raymond James Financial Inc. restated their outperform rating on shares of Freehold Royalties Ltd (TSE:FRU) in a research note issued to investors on Monday. The brokerage currently has a C$15.00 price target on the stock.
Other equities research analysts also recently issued reports about the stock. Barclays PLC raised their target price on shares of Freehold Royalties from C$14.00 to C$15.00 and gave the company an equal weight rating in a research note on Friday, August 5th. TD Securities restated a buy rating and issued a C$15.50 target price on shares of Freehold Royalties in a research note on Tuesday, June 14th. Scotiabank restated a sector perform rating and issued a C$14.50 target price on shares of Freehold Royalties in a research note on Friday, August 5th. Canaccord Genuity reaffirmed a hold rating and issued a C$13.00 price target on shares of Freehold Royalties in a report on Monday, June 13th. Finally, CIBC reaffirmed a sector perform rating and issued a C$13.50 price target on shares of Freehold Royalties in a report on Friday, May 27th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of Hold and a consensus target price of C$14.39.
Freehold Royalties (TSE:FRU) opened at 11.40 on Monday. The company’s market cap is $1.34 billion. The company has a 50-day moving average of $11.47 and a 200 day moving average of $11.37. Freehold Royalties has a one year low of $8.29 and a one year high of $13.52.
The business also recently announced a monthly dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, October 17th will be given a $0.04 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.48 annualized dividend and a dividend yield of 4.21%.
About Freehold Royalties
Freehold Royalties Ltd. is a Canada-based company engaged in the development and production of oil and natural gas, predominantly in western Canada. The Company’s primary focus is acquiring and managing oil and natural gas royalties. The Company manages a non-government portfolio of oil and natural gas royalties in Canada.
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