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

Freehold Royalties Ltd (OTCMKTS:FRHLF)’s share price reached a new 52-week high on Friday . The company traded as high as $13.1180 and last traded at $12.80, with a volume of 23514 shares traded. The stock had previously closed at $12.8055.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FRHLF. National Bank Financial lowered Freehold Royalties from an “outperform” rating to a “sector perform” rating in a research report on Friday, January 9th. Desjardins restated a “hold” rating on shares of Freehold Royalties in a research note on Monday, November 17th. Finally, Raymond James Financial upgraded shares of Freehold Royalties from a “market perform” rating to an “outperform” rating in a report on Monday, December 8th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Freehold Royalties currently has a consensus rating of “Hold”.

Freehold Royalties Trading Down 0.0%

The stock has a 50-day moving average of $11.71 and a 200 day moving average of $10.66. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.28. The stock has a market cap of $2.10 billion and a PE ratio of 22.07.

Freehold Royalties Company Profile

Freehold Royalties Ltd is a Canadian energy company focused on the acquisition and management of petroleum and natural gas royalty interests. Rather than directly exploring or producing hydrocarbons, Freehold earns a portion of production revenue from wells operated by third parties. The company’s portfolio spans a variety of royalty structures, including freehold and other non-operated interests, which provide exposure to oil, natural gas and natural gas liquids without bearing the full costs and risks of exploration and development.

Freehold’s assets are concentrated in the Western Canadian Sedimentary Basin, with significant royalty interests in Alberta and British Columbia.