Freehold Royalties Ltd (TSE:FRU) – National Bank Financial decreased their FY2018 EPS estimates for shares of Freehold Royalties in a research note issued to investors on Wednesday. National Bank Financial analyst T. Wood now forecasts that the company will earn $0.11 per share for the year, down from their previous estimate of $0.19.

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Other analysts have also issued research reports about the company. TD Securities upped their price objective on Freehold Royalties from C$20.00 to C$21.00 and gave the stock a “buy” rating in a research report on Thursday, May 11th. Raymond James Financial, Inc. upped their price objective on Freehold Royalties from C$15.50 to C$16.00 and gave the stock an “outperform” rating in a research report on Thursday, May 11th. Finally, Scotiabank upped their price objective on Freehold Royalties from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of C$16.75.

Freehold Royalties (TSE FRU) traded down 1.13% during midday trading on Friday, hitting $14.00. The stock had a trading volume of 253,869 shares. The company has a market cap of $1.65 billion and a PE ratio of 83.33. Freehold Royalties has a 12-month low of $10.95 and a 12-month high of $15.16. The firm has a 50-day moving average of $13.51 and a 200-day moving average of $13.44.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be given a dividend of $0.05 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date is Thursday, July 27th.

About Freehold Royalties

Freehold Royalties Ltd. develops and produces oil and natural gas primarily in Western Canada. The company focuses on acquiring and managing oil and gas royalties; and developing and producing oil and gas assets, as well as natural gas liquids and potash properties. It also has royalty interests in eight potash mines in Saskatchewan.

Earnings History and Estimates for Freehold Royalties (TSE:FRU)

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