GMP Securities Boosts PrairieSky Royalty Ltd (PSK) Price Target to C$35.50
PSK has been the subject of several other research reports. TD Securities lowered PrairieSky Royalty from a buy rating to a hold rating and dropped their price objective for the company from C$33.00 to C$32.00 in a research note on Monday, October 2nd. Royal Bank Of Canada lifted their price objective on PrairieSky Royalty from C$34.00 to C$35.00 and gave the company an outperform rating in a research note on Wednesday, July 26th. Barclays PLC lifted their price objective on PrairieSky Royalty from C$28.00 to C$32.00 in a research note on Monday, October 30th. National Bank Financial lifted their price objective on PrairieSky Royalty from C$28.00 to C$33.00 in a research note on Tuesday. Finally, BMO Capital Markets raised PrairieSky Royalty from a market perform rating to an outperform rating and set a C$38.00 price objective for the company in a research note on Friday, October 27th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of C$35.45.
Shares of PrairieSky Royalty (TSE PSK) opened at C$34.79 on Wednesday.
The company also recently declared a monthly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.0625 per share. The ex-dividend date is Monday, October 30th. This represents a $0.75 dividend on an annualized basis and a yield of 2.16%.
About PrairieSky Royalty
PrairieSky Royalty Ltd. is a Canada-based company, which holds a portfolio of fee simple mineral title, and oil and gas royalty interests in Canada. The Company’s properties are located in British Columbia, Alberta, Saskatchewan and Manitoba. As of December 31, 2016, the Company’s assets include the Fee Lands, encompassing approximately 7.8 million acres; the GORR Interests, encompassing approximately 6.3 million acres of the GORR Lands; the GRT Interests, encompassing approximately 0.2 million acres of the GRT Lands; approximately 0.2 million acres of Crown Interest Lands primarily in Alberta, and the Seismic License to certain seismic data of Encana Corporation, encompassing approximately 43,000 kilometers of two dimensional seismic and over 13,000 square kilometers of three dimensional seismic.
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