Other equities analysts have also recently issued reports about the stock. BMO Capital Markets raised their price target on shares of PrairieSky Royalty from C$25.50 to C$27.00 in a research note on Thursday, June 30th. Canaccord Genuity reaffirmed a buy rating and set a C$31.00 price target on shares of PrairieSky Royalty in a research note on Monday, June 13th. TD Securities reissued a buy rating and issued a C$31.00 price objective on shares of PrairieSky Royalty in a report on Tuesday, July 26th. Raymond James Financial Inc. increased their price objective on PrairieSky Royalty from C$28.00 to C$30.00 and gave the company an outperform rating in a report on Monday, September 12th. Finally, FirstEnergy Capital raised PrairieSky Royalty from a market perform rating to an outperform rating in a report on Thursday, July 28th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of C$27.83.
PrairieSky Royalty (TSE:PSK) opened at 28.49 on Tuesday. PrairieSky Royalty has a 12 month low of $17.15 and a 12 month high of $28.95. The company’s 50-day moving average is $26.88 and its 200-day moving average is $25.47. The company has a market cap of $6.52 billion and a price-to-earnings ratio of 320.11.
The company also recently announced a monthly dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, October 17th will be issued a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend is Wednesday, September 28th.
PrairieSky Royalty Company Profile
PrairieSky Royalty Ltd. is a Canada-based company, which holds a portfolio of fee simple mineral title, and oil and gas royalty interests in Canada. The Company’s properties are located in British Columbia, Alberta, Saskatchewan and Manitoba. The Company’s assets include the Fee Lands, encompassing approximately 8.8 million acres; the GORR Interests, encompassing approximately 6.6 million acres of the GORR Lands; the GRT Interests, encompassing approximately 0.2 million acres of the GRT Lands; approximately 0.2 million acres of Crown Interest Lands primarily in Alberta, and the Seismic License to certain seismic data of Encana Corporation, encompassing approximately 40,010 kilometers of two dimensional seismic and over 10,760 square kilometers of three dimensional seismic.
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