PrairieSky Royalty Ltd (PSK) Given New C$29.00 Price Target at Royal Bank Of Canada
PrairieSky Royalty Ltd (TSE:PSK) had its price target raised by Royal Bank Of Canada from C$28.00 to C$29.00 in a research note released on Thursday morning, StockTargetPrices.com reports.
Other equities research analysts have also issued research 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. RBC Capital Markets raised their price objective on shares of PrairieSky Royalty from C$28.00 to C$29.00 in a report on Thursday, October 13th. Barclays PLC raised their price objective on shares of PrairieSky Royalty from C$28.00 to C$29.00 in a report on Tuesday, October 11th. TD Securities reaffirmed a buy rating and issued a C$31.00 price objective on shares of PrairieSky Royalty in a report on Tuesday, July 26th. Finally, Raymond James Financial Inc. raised their price objective on shares of PrairieSky Royalty from C$28.00 to C$30.00 and gave the stock an outperform rating in a report on Monday, September 12th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. PrairieSky Royalty presently has an average rating of Hold and an average price target of C$27.83.
PrairieSky Royalty (TSE:PSK) opened at 29.02 on Thursday. The firm has a market capitalization of $6.64 billion and a P/E ratio of 326.07. PrairieSky Royalty has a one year low of $17.15 and a one year high of $29.45. The stock’s 50 day moving average is $27.10 and its 200 day moving average is $25.58.
The company also recently declared a monthly dividend, which was paid on Monday, October 17th. Shareholders of record on Monday, October 17th were issued a $0.06 dividend. This represents a $0.72 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was 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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