Shares of PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$23.83 and traded as high as C$24.39. PrairieSky Royalty shares last traded at C$24.19, with a volume of 463,711 shares.
Wall Street Analyst Weigh In
Several research analysts have recently commented on PSK shares. Canaccord Genuity Group decreased their price target on shares of PrairieSky Royalty from C$26.00 to C$25.00 and set a "hold" rating for the company in a report on Tuesday, July 15th. Raymond James Financial lifted their price target on shares of PrairieSky Royalty from C$28.00 to C$29.00 and gave the company a "market perform" rating in a report on Tuesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$29.86.
Read Our Latest Stock Report on PSK
PrairieSky Royalty Trading Up 1.3%
The business's 50 day moving average price is C$23.82 and its two-hundred day moving average price is C$24.37. The company has a market capitalization of C$5.78 billion, a price-to-earnings ratio of 26.85, a price-to-earnings-growth ratio of 0.47 and a beta of 1.78. The company has a debt-to-equity ratio of 3.48, a quick ratio of 0.65 and a current ratio of 0.63.
About PrairieSky Royalty
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PrairieSky Royalty Ltd is the owner of subsurface mineral rights on a variety of royalty properties in western Canada. The company encourages third parties to develop these properties, while also seeking additional petroleum and natural gas royalty assets. Once PrairieSky has given a third party the right to explore, develop, or produce on its properties, the company collects royalty revenue from the development of petroleum and natural gas.
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