Freehold Royalties Ltd. (TSE:FRU - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$13.83 and traded as high as C$14.21. Freehold Royalties shares last traded at C$14.10, with a volume of 549,224 shares.
Analyst Ratings Changes
Several brokerages recently commented on FRU. Raymond James raised Freehold Royalties to a "hold" rating in a report on Thursday, October 17th. Atb Cap Markets cut Freehold Royalties from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 15th. Finally, Canaccord Genuity Group cut their target price on Freehold Royalties from C$19.00 to C$18.00 in a research note on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Freehold Royalties presently has a consensus rating of "Moderate Buy" and an average price target of C$17.35.
Get Our Latest Stock Analysis on Freehold Royalties
Freehold Royalties Stock Down 0.4 %
The firm has a 50-day simple moving average of C$13.85 and a 200 day simple moving average of C$13.83. The company has a debt-to-equity ratio of 24.83, a current ratio of 2.05 and a quick ratio of 1.50. The company has a market capitalization of C$2.12 billion, a PE ratio of 14.10, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93.
Freehold Royalties Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Stockholders 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 presently 108.00%.
About Freehold Royalties
(
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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.
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