Freehold Royalties (OTCMKTS:FRHLF) Sets New 1-Year High – Here’s What Happened

Freehold Royalties Ltd (OTCMKTS:FRHLF) shares reached a new 52-week high on Wednesday . The company traded as high as $11.15 and last traded at $10.70, with a volume of 3300 shares traded. The stock had previously closed at $10.66.

Wall Street Analyst Weigh In

Separately, Desjardins restated a “hold” rating on shares of Freehold Royalties in a research note on Monday, November 17th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Freehold Royalties Price Performance

The company has a 50 day moving average price of $10.15 and a 200 day moving average price of $9.72. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $1.76 billion and a price-to-earnings ratio of 18.48.

Freehold Royalties (OTCMKTS:FRHLF) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. The firm had revenue of $54.00 million during the quarter. Freehold Royalties had a net margin of 40.11% and a return on equity of 11.91%.

Freehold Royalties Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a dividend of $0.0642 per share. The ex-dividend date is Friday, November 28th. This represents a dividend yield of 731.0%. Freehold Royalties’s dividend payout ratio (DPR) is 132.76%.

Freehold Royalties Company Profile

Freehold Royalties Ltd. engages in the acquiring and managing royalty interests in the crude oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. Freehold Royalties Ltd. was founded in 1996 and is headquartered in Calgary, Canada.