Freehold Royalties Ltd (FRU) Director Buys C$264,600.00 in Stock
Freehold Royalties Ltd (TSE:FRU) Director Marvin F. Romanow acquired 30,000 shares of the company’s stock in a transaction dated Friday, December 7th. The shares were purchased at an average price of C$8.82 per share, with a total value of C$264,600.00.
TSE FRU traded up C$0.10 during trading hours on Friday, hitting C$8.81. The company had a trading volume of 437,000 shares, compared to its average volume of 305,930. Freehold Royalties Ltd has a fifty-two week low of C$8.42 and a fifty-two week high of C$14.85. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 11.46.
Freehold Royalties (TSE:FRU) last announced its quarterly earnings results on Wednesday, November 14th. The company reported C$0.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.07. The company had revenue of C$40.82 million during the quarter, compared to analyst estimates of C$43.20 million. On average, equities analysts expect that Freehold Royalties Ltd will post 0.309999998240636 earnings per share for the current fiscal year.
A number of research firms have recently commented on FRU. National Bank Financial dropped their price objective on Freehold Royalties from C$19.00 to C$18.50 and set an “outperform” rating for the company in a report on Thursday, October 18th. CIBC dropped their price objective on Freehold Royalties from C$13.00 to C$12.00 in a report on Thursday, November 22nd. BMO Capital Markets dropped their price objective on Freehold Royalties from C$15.00 to C$11.00 and set an “outperform” rating for the company in a report on Thursday, November 15th. Cormark dropped their price objective on Freehold Royalties from C$18.50 to C$16.50 in a report on Tuesday, October 9th. Finally, Raymond James dropped their price objective on Freehold Royalties from C$15.50 to C$14.50 and set a “market perform” rating for the company in a report on Thursday, November 15th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of C$15.00.
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About Freehold Royalties
Freehold Royalties Ltd., an oil and gas royalty company, owns working interests in oil, natural gas, and potash properties in Western Canada. It holds approximately 6.1 million gross acres of land from northeastern British Columbia to southern Ontario. It has interests in approximately 42,000 wells and receives royalty from industry operators.
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