Freehold Royalties Ltd. (TSE:FRU - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$12.86 and traded as high as C$14.14. Freehold Royalties shares last traded at C$14.09, with a volume of 869,414 shares traded.
Analyst Ratings Changes
Separately, National Bankshares lifted their price target on Freehold Royalties from C$14.50 to C$15.00 and gave the stock an "outperform" rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of C$14.50.
Read Our Latest Report on FRU
Freehold Royalties Trading Up 1.8%
The firm has a market capitalization of C$2.31 billion, a P/E ratio of 18.54, a PEG ratio of -0.92 and a beta of 0.69. The company has a quick ratio of 1.50, a current ratio of 1.65 and a debt-to-equity ratio of 22.91. The business has a 50-day moving average price of C$13.58 and a 200-day moving average price of C$12.86.
Freehold Royalties Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 17th will be given a dividend of $0.09 per share. The ex-dividend date is Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. Freehold Royalties's payout ratio is currently 142.11%.
About Freehold Royalties
(
Get Free Report)
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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