Freehold Royalties Ltd. (TSE:FRU) Given Consensus Rating of "Hold" by Analysts

Shares of Freehold Royalties Ltd. (TSE:FRU - Get Free Report) have been given a consensus recommendation of "Hold" by the seven analysts that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$15.71.

Several equities analysts have recently weighed in on FRU shares. National Bankshares upped their price objective on shares of Freehold Royalties from C$15.50 to C$16.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Scotiabank raised Freehold Royalties to a "hold" rating in a research note on Wednesday, March 19th. CIBC cut their price target on Freehold Royalties from C$16.00 to C$15.00 in a report on Thursday, April 10th. Raymond James decreased their price objective on Freehold Royalties from C$16.00 to C$14.00 in a report on Wednesday, April 9th. Finally, Desjardins lowered Freehold Royalties from a "buy" rating to a "hold" rating and lowered their target price for the stock from C$15.00 to C$14.25 in a research report on Tuesday, April 15th.

Freehold Royalties Stock Up 1.8%

Freehold Royalties stock opened at C$12.00 on Tuesday. The company has a market capitalization of C$1.80 billion, a PE ratio of 13.60, a PEG ratio of -0.92 and a beta of 1.93. Freehold Royalties has a 12-month low of C$10.53 and a 12-month high of C$14.62. The firm's fifty day moving average is C$11.97 and its 200 day moving average is C$12.78. The company has a quick ratio of 1.50, a current ratio of 1.65 and a debt-to-equity ratio of 22.91.

Freehold Royalties Announces Dividend

The business also recently declared a apr 25 dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a yield of 9.6%. Freehold Royalties's dividend payout ratio (DPR) is currently 122.40%.

Freehold Royalties Company Profile

Freehold Royalties Ltd is in acquiring and managing Oil and Gas royalties. It operates in two segments: Canada, which includes exploration and evaluation assets and the petroleum and natural gas interests in Western Canada; and the United States, which includes petroleum and natural gas interests held in the Permian (Midland and Delaware), Eagle Ford, Haynesville and Bakken basins primarily located in the states of Texas, Louisiana, and North Dakota.

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