Freehold Royalties Ltd. (TSE:FRU) Receives C$17.28 Average PT from Analysts

Freehold Royalties Ltd. (TSE:FRU) has earned an average recommendation of “Hold” from the seven brokerages that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$17.28.

FRU has been the subject of several recent analyst reports. Raymond James upgraded shares of Freehold Royalties to a “hold” rating in a research report on Thursday, October 17th. Canaccord Genuity Group cut their price objective on shares of Freehold Royalties from C$19.00 to C$18.00 in a research report on Tuesday, October 22nd. Atb Cap Markets cut shares of Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Finally, CIBC set a C$16.00 price objective on shares of Freehold Royalties and gave the stock a “neutral” rating in a research report on Monday.

Freehold Royalties Price Performance

The firm has a 50 day simple moving average of C$13.89 and a 200-day simple moving average of C$13.79. The firm has a market capitalization of C$1.95 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93. The company has a debt-to-equity ratio of 24.83, a current ratio of 2.05 and a quick ratio of 1.50. Freehold Royalties has a 12-month low of C$12.68 and a 12-month high of C$14.84.

Freehold Royalties Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a dividend of $0.09 per share. This represents a $1.08 annualized dividend and a yield of ∞. The ex-dividend date of this dividend was Friday, November 29th. Freehold Royalties’s dividend payout ratio (DPR) is presently 108.00%.

Freehold Royalties Company Profile

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.