Freehold Royalties Ltd. (TSE:FRU - Get Free Report) has been assigned an average recommendation of "Hold" from the seven analysts that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$17.28.
Several analysts have commented on the company. Atb Cap Markets downgraded Freehold Royalties from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 15th. Raymond James raised Freehold Royalties to a "hold" rating in a research report on Thursday, October 17th. Finally, Canaccord Genuity Group decreased their target price on Freehold Royalties from C$19.00 to C$18.00 in a research report on Tuesday, October 22nd.
Get Our Latest Report on Freehold Royalties
Freehold Royalties Stock Up 0.2 %
Shares of TSE FRU traded up C$0.02 during midday trading on Friday, hitting C$13.06. The stock had a trading volume of 1,023,800 shares, compared to its average volume of 474,463. The business's 50 day moving average is C$13.89 and its 200-day moving average is C$13.79. Freehold Royalties has a 52 week low of C$12.68 and a 52 week high of C$14.84. The company has a quick ratio of 1.50, a current ratio of 2.05 and a debt-to-equity ratio of 24.83. The company has a market cap of C$1.97 billion, a P/E ratio of 13.06, a PEG ratio of -0.92 and a beta of 1.93.
Freehold Royalties Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.09 per share. The ex-dividend date is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 8.27%. Freehold Royalties's dividend payout ratio is currently 108.00%.
About Freehold Royalties
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Get Free ReportFreehold 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.
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