Shares of Freehold Royalties Ltd. (TSE:FRU - Get Free Report) hit a new 52-week low during trading on Tuesday . The stock traded as low as C$11.88 and last traded at C$11.89, with a volume of 297672 shares. The stock had previously closed at C$12.23.
Analyst Ratings Changes
Several brokerages have weighed in on FRU. CIBC set a C$16.00 price objective on shares of Freehold Royalties and gave the stock a "neutral" rating in a research note on Monday, December 16th. BMO Capital Markets upgraded shares of Freehold Royalties from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 16th. Finally, National Bankshares boosted their target price on shares of Freehold Royalties from C$15.50 to C$16.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of C$16.71.
View Our Latest Report on Freehold Royalties
Freehold Royalties Price Performance
The firm has a market capitalization of C$1.84 billion, a PE ratio of 13.86, a P/E/G ratio of -0.92 and a beta of 1.93. The business's 50 day moving average is C$12.81 and its two-hundred day moving average is C$13.37. The company has a debt-to-equity ratio of 22.91, a current ratio of 1.65 and a quick ratio of 1.50.
Freehold Royalties Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 17th will be paid a $0.09 dividend. This represents a $1.08 annualized dividend and a dividend yield of 8.83%. The ex-dividend date is Friday, February 28th. Freehold Royalties's payout ratio is 122.40%.
About Freehold Royalties
(
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Freehold Royalties Ltd is in acquiring and managing Oil and Gas royalties. It operates in two segments: Canada, which includes exploration and evaluation assets and the petroleum and natural gas interests in Western Canada; and the United States, which includes petroleum and natural gas interests held in the Permian (Midland and Delaware), Eagle Ford, Haynesville and Bakken basins primarily located in the states of Texas, Louisiana, and North Dakota.
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