Freehold Royalties (TSE:FRU) Price Target Increased to C$14.50 by Analysts at TD Securities

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Freehold Royalties (TSE:FRU) had its price objective hoisted by TD Securities from C$14.00 to C$14.50 in a report released on Friday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other research firms also recently commented on FRU. Raymond James dropped their price objective on Freehold Royalties from C$10.25 to C$9.00 in a report on Thursday, July 11th. Canaccord Genuity upped their price objective on Freehold Royalties from C$11.50 to C$12.00 in a report on Tuesday, April 9th. Eight Capital dropped their price objective on Freehold Royalties from C$12.00 to C$11.50 in a report on Wednesday, May 8th. National Bank Financial upped their price objective on Freehold Royalties from C$10.00 to C$10.50 and gave the stock an outperform rating in a report on Friday. Finally, CIBC lowered their price target on Freehold Royalties from C$11.00 to C$9.50 in a report on Thursday, July 18th.

FRU stock opened at C$8.10 on Friday. The firm has a market cap of $959.51 million and a P/E ratio of 405.00. The company has a current ratio of 1.90, a quick ratio of 1.77 and a debt-to-equity ratio of 12.00. The business’s fifty day moving average price is C$8.26. Freehold Royalties has a 52 week low of C$7.66 and a 52 week high of C$12.35.

Freehold Royalties (TSE:FRU) last released its quarterly earnings data on Tuesday, May 7th. The company reported C($0.06) EPS for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.09). The firm had revenue of C$35.61 million during the quarter, compared to analyst estimates of C$35.20 million. As a group, equities analysts forecast that Freehold Royalties will post 0.17 earnings per share for the current year.

The business also recently declared a monthly dividend, which will be paid on Monday, September 16th. Investors of record on Monday, September 16th will be issued a $0.0525 dividend. The ex-dividend date is Thursday, August 29th. This represents a $0.63 annualized dividend and a yield of 7.78%. Freehold Royalties’s dividend payout ratio is currently 2,625.00%.

About Freehold Royalties

Freehold Royalties Ltd., an oil and gas royalty company, owns working interests in oil, natural gas, and potash properties in Western Canada. It holds approximately 6.2 million gross acres of land from northeastern British Columbia to southern Ontario. It has interests in approximately 43,000 wells and receives royalty from 300 industry operators.

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