Analysts Set Freehold Royalties Ltd. (TSE:FRU) Target Price at C$17.35

Freehold Royalties Ltd. (TSE:FRU - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the eight research firms that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$17.35.

A number of analysts have recently commented on the company. Canaccord Genuity Group cut their target price on Freehold Royalties from C$19.00 to C$18.00 in a research report on Tuesday. Raymond James raised Freehold Royalties to a "hold" rating in a report on Thursday, October 17th. Scotiabank decreased their price objective on Freehold Royalties from C$18.00 to C$17.00 in a research note on Friday, July 12th. Finally, Atb Cap Markets downgraded shares of Freehold Royalties from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 15th.

Freehold Royalties Stock Performance

Freehold Royalties has a 1 year low of C$12.66 and a 1 year high of C$15.06. The firm has a market cap of C$2.11 billion, a PE ratio of 14.02, a P/E/G ratio of -0.92 and a beta of 1.93. The company has a current ratio of 2.05, a quick ratio of 1.50 and a debt-to-equity ratio of 24.83. The business's 50-day simple moving average is C$13.78 and its 200-day simple moving average is C$13.92.

Freehold Royalties (TSE:FRU - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The company reported C$0.26 earnings per share (EPS) for the quarter. The firm had revenue of C$84.50 million during the quarter. Freehold Royalties had a return on equity of 16.17% and a net margin of 46.41%. On average, equities research analysts predict that Freehold Royalties will post 0.7581169 EPS for the current year.

Freehold Royalties Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.08 annualized dividend and a dividend yield of ∞. Freehold Royalties's payout ratio is currently 108.00%.

Freehold Royalties Company Profile

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.