Freehold Royalties (TSE:FRU - Free Report ) in a research note issued to investors on Wednesday morning, BayStreet.CA reports.
Get Freehold Royalties alerts:
Sign Up
A number of other research firms also recently issued reports on FRU. BMO Capital Markets set a C$15.00 price target on Freehold Royalties and gave the stock a market perform rating in a research note on Wednesday, March 13th. National Bankshares raised their price target on Freehold Royalties from C$17.00 to C$18.00 and gave the stock an outperform rating in a research note on Friday, April 19th. Raymond James lowered their target price on Freehold Royalties from C$20.00 to C$17.50 and set an outperform rating on the stock in a research report on Friday, January 19th. CIBC lowered their target price on Freehold Royalties from C$16.75 to C$16.00 and set a neutral rating on the stock in a research report on Tuesday, January 16th. Finally, Canaccord Genuity Group lowered their target price on Freehold Royalties from C$19.50 to C$19.00 and set a buy rating on the stock in a research report on Wednesday, April 17th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of C$17.55.
View Our Latest Report on Freehold Royalties
Freehold Royalties Stock Down 0.3 % Shares of Freehold Royalties stock traded down C$0.04 on Wednesday, reaching C$14.01. The company's stock had a trading volume of 689,247 shares, compared to its average volume of 348,339. The company has a market capitalization of C$2.11 billion, a price-to-earnings ratio of 15.74, a P/E/G ratio of -0.92 and a beta of 2.01. The firm's fifty day simple moving average is C$14.30 and its two-hundred day simple moving average is C$14.12. Freehold Royalties has a 52 week low of C$12.66 and a 52 week high of C$15.27. The company has a quick ratio of 1.50, a current ratio of 2.12 and a debt-to-equity ratio of 13.49.
Freehold Royalties (TSE:FRU - Get Free Report ) last released its quarterly earnings results on Wednesday, February 28th. The company reported C$0.23 earnings per share (EPS) for the quarter. The firm had revenue of C$80.06 million for the quarter. Freehold Royalties had a return on equity of 14.00% and a net margin of 41.93%. Equities analysts anticipate that Freehold Royalties will post 0.7581169 earnings per share for the current year.
Freehold Royalties Dividend Announcement The firm also recently declared a monthly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.09 per share. The ex-dividend date is Friday, May 31st. This represents a $1.08 dividend on an annualized basis and a yield of 7.71%. Freehold Royalties's dividend payout ratio is presently 122.73%.
Insider Buying and Selling at Freehold Royalties In other Freehold Royalties news, Senior Officer Ian C. Hantke purchased 8,590 shares of the firm's stock in a transaction on Wednesday, May 8th. The shares were acquired at an average cost of C$13.91 per share, with a total value of C$119,486.90. Insiders own 0.40% of the company's stock.
About Freehold Royalties (
Get Free Report )
Freehold Royalties Ltd. engages in the acquiring and managing royalty interests in the crude oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. Freehold Royalties Ltd. was founded in 1996 and is headquartered in Calgary, Canada.
Featured Stories
Before you consider Freehold Royalties, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Freehold Royalties wasn't on the list.
While Freehold Royalties currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
