Freehold Royalties (TSE:FRU) Price Target Cut to C$18.00 by Analysts at Canaccord Genuity Group

Freehold Royalties (TSE:FRU - Free Report) had its target price lowered by Canaccord Genuity Group from C$19.00 to C$18.00 in a research report report published on Tuesday morning, BayStreet.CA reports.

A number of other brokerages have also recently issued reports on FRU. Raymond James raised Freehold Royalties to a "hold" rating in a report on Thursday, October 17th. Scotiabank lowered their price target on shares of Freehold Royalties from C$18.00 to C$17.00 in a report on Friday, July 12th. 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. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Freehold Royalties has an average rating of "Moderate Buy" and an average target price of C$17.35.

Freehold Royalties Stock Performance

Shares of TSE FRU traded up C$0.02 during midday trading on Tuesday, hitting C$13.98. The company's stock had a trading volume of 414,883 shares, compared to its average volume of 436,688. The firm has a market capitalization of C$2.11 billion, a price-to-earnings ratio of 14.03, 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 stock has a fifty day moving average price of C$13.74 and a 200 day moving average price of C$13.92. Freehold Royalties has a one year low of C$12.66 and a one year high of C$15.06.

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

Freehold Royalties Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given 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 yield of 7.73%. Freehold Royalties's payout ratio is presently 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.