Freehold Royalties (OTCMKTS:FRHLF) Shares Gap Up – Still a Buy?

Freehold Royalties Ltd (OTCMKTS:FRHLF)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $11.0365, but opened at $11.45. Freehold Royalties shares last traded at $10.8040, with a volume of 22,234 shares changing hands.

Analyst Ratings Changes

Several research firms have commented on FRHLF. Desjardins restated a “hold” rating on shares of Freehold Royalties in a research report on Monday, November 17th. Raymond James Financial upgraded shares of Freehold Royalties from a “market perform” rating to an “outperform” rating in a research note on Monday, December 8th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Freehold Royalties Stock Performance

The company has a debt-to-equity ratio of 0.28, a current ratio of 1.63 and a quick ratio of 1.70. The firm has a fifty day simple moving average of $10.36 and a 200 day simple moving average of $9.87. The company has a market capitalization of $1.79 billion and a price-to-earnings ratio of 18.81.

Freehold Royalties (OTCMKTS:FRHLF) last announced its earnings results on Thursday, November 13th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.04. Freehold Royalties had a return on equity of 11.99% and a net margin of 40.11%.The business had revenue of $54.00 million during the quarter.

Freehold Royalties Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a $0.0642 dividend. The ex-dividend date was Friday, November 28th. This represents a dividend yield of 731.0%. Freehold Royalties’s dividend payout ratio (DPR) is 132.76%.

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.