Shares of Freehold Royalties Ltd. (TSE:FRU - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$17.35.
Several research firms recently weighed in on FRU. Raymond James raised Freehold Royalties to a "hold" rating in a report on Thursday, October 17th. Canaccord Genuity Group decreased their price target on shares of Freehold Royalties from C$19.00 to C$18.00 in a research note on Tuesday, October 22nd. Finally, Atb Cap Markets cut shares of Freehold Royalties from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 15th.
Read Our Latest Report on FRU
Freehold Royalties Stock Performance
Shares of TSE FRU traded down C$0.06 during mid-day trading on Tuesday, reaching C$14.04. 283,677 shares of the company were exchanged, compared to its average volume of 439,774. The stock has a market capitalization of C$2.12 billion, a P/E ratio of 14.10, a P/E/G ratio of -0.92 and a beta of 1.93. 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's 50-day simple moving average is C$13.85 and its 200-day simple moving average is C$13.83. Freehold Royalties has a twelve month low of C$12.66 and a twelve month high of C$14.84.
Freehold Royalties Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 7.69%. Freehold Royalties's dividend payout ratio is 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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