Several other equities research analysts also recently commented on FRU. National Bank Financial upped their price objective on shares of Freehold Royalties from C$16.50 to C$18.00 and gave the company an outperform rating in a report on Tuesday, January 9th. Raymond James Financial dropped their price objective on shares of Freehold Royalties from C$16.00 to C$15.50 and set an outperform rating on the stock in a report on Friday, March 9th. Royal Bank of Canada decreased their price target on Freehold Royalties from C$18.00 to C$17.00 and set an outperform rating on the stock in a research report on Monday, March 12th. Finally, Canaccord Genuity upgraded Freehold Royalties from a hold rating to a buy rating in a research report on Monday, March 12th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Freehold Royalties has a consensus rating of Buy and an average price target of C$16.94.
Shares of Freehold Royalties (FRU) opened at C$12.55 on Tuesday. The company has a market cap of $1,470.00, a PE ratio of 125.50 and a beta of 0.43. Freehold Royalties has a fifty-two week low of C$11.71 and a fifty-two week high of C$16.41.
The business also recently declared a monthly dividend, which will be paid on Monday, April 16th. Stockholders of record on Monday, April 16th will be given a dividend of $0.0525 per share. The ex-dividend date is Wednesday, March 28th. This is a boost from Freehold Royalties’s previous monthly dividend of $0.05. This represents a $0.63 annualized dividend and a dividend yield of 5.02%. Freehold Royalties’s dividend payout ratio is currently 590.00%.
About Freehold Royalties
Freehold Royalties Ltd. is a Canada-based company engaged in the development and production of oil and natural gas, predominantly in western Canada. The Company’s primary focus is acquiring and managing oil and natural gas royalties. The Company manages a non-government portfolio of oil and natural gas royalties in Canada.
Receive News & Ratings for Freehold Royalties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Freehold Royalties and related companies with MarketBeat.com's FREE daily email newsletter.