Freehold Royalties (OTCMKTS:FRHLF) Raised to "Hold" at Royal Bank Of Canada

Key Points

• Royal Bank of Canada upgraded Freehold Royalties (OTCMKTS:FRHLF) to a Hold, joining other recent analyst moves that have left the MarketBeat consensus rating at Hold (five analysts).
• Freehold reported quarterly EPS of $0.06, missing the $0.09 consensus, with revenue of $50.83 million and a net margin of 29.19%.
• FRHLF opened at $12.50, trades in a 52‑week range of $8.04–$13.58, and has a market capitalization of $2.05 billion with a P/E of 31.25.

Freehold Royalties (OTCMKTS:FRHLF - Get Free Report) was upgraded by investment analysts at Royal Bank Of Canada to a "hold" rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other analysts also recently commented on FRHLF. Canadian Imperial Bank of Commerce upgraded Freehold Royalties to a "hold" rating in a report on Thursday, March 12th. National Bank Financial downgraded Freehold Royalties from an "outperform" rating to a "sector perform" rating in a report on Friday, January 9th. Desjardins upgraded Freehold Royalties to a "hold" rating in a report on Friday, March 13th. Finally, Raymond James Financial downgraded Freehold Royalties from a "moderate buy" rating to a "hold" rating in a report on Monday, March 30th. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of "Hold".

Freehold Royalties Price Performance

FRHLF stock opened at $12.50 on Monday. Freehold Royalties has a 52-week low of $8.04 and a 52-week high of $13.58. The stock's fifty day simple moving average is $12.57 and its 200-day simple moving average is $11.33. 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 capitalization of $2.05 billion and a price-to-earnings ratio of 31.25.

Freehold Royalties (OTCMKTS:FRHLF - Get Free Report) last posted its quarterly earnings data on Wednesday, March 11th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.03). Freehold Royalties had a return on equity of 8.68% and a net margin of 29.19%.The business had revenue of $50.83 million for the quarter.

About Freehold Royalties

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.

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