Freehold Royalties Ltd (FRU) Given Outperform Rating at Raymond James Financial Inc.
Raymond James Financial Inc. reaffirmed their outperform rating on shares of Freehold Royalties Ltd (TSE:FRU) in a research note issued to investors on Monday morning. The firm currently has a C$15.00 price objective on the stock.
Several other analysts have also issued reports on the stock. TD Securities reiterated a buy rating and issued a C$16.00 target price on shares of Freehold Royalties in a research report on Friday, August 5th. Scotiabank restated a sector perform rating and set a C$14.50 price target on shares of Freehold Royalties in a research report on Friday, August 5th. Barclays PLC boosted their price target on shares of Freehold Royalties from C$14.00 to C$15.00 and gave the stock an equal weight rating in a research report on Friday, August 5th. BMO Capital Markets boosted their price target on shares of Freehold Royalties from C$14.00 to C$16.00 in a research report on Thursday, June 30th. Finally, Desjardins set a C$14.00 price target on shares of Freehold Royalties in a research report on Tuesday, June 28th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of C$14.39.
Freehold Royalties (TSE:FRU) opened at 11.10 on Monday. Freehold Royalties has a 52 week low of $8.29 and a 52 week high of $13.52. The company’s market capitalization is $1.31 billion. The firm has a 50-day moving average of $11.46 and a 200-day moving average of $11.37.
The company also recently announced a monthly dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 17th will be paid a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date of this dividend is Wednesday, September 28th.
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.
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