Shares of PrairieSky Royalty Ltd (TSE:PSK) have been given an average rating of “Buy” by the thirteen analysts that are currently covering the company. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$28.63.

A number of equities research analysts recently commented on the stock. BMO Capital Markets upped their price target on shares of PrairieSky Royalty from C$25.50 to C$27.00 in a report on Thursday, June 30th. Barclays PLC upped their price target on shares of PrairieSky Royalty from C$28.00 to C$29.00 in a report on Tuesday. TD Securities reiterated a “buy” rating and set a C$31.00 price target on shares of PrairieSky Royalty in a report on Tuesday, July 26th. Raymond James Financial Inc. upped their price target on shares of PrairieSky Royalty from C$28.00 to C$30.00 and gave the company an “outperform” rating in a report on Monday, September 12th. Finally, FirstEnergy Capital upgraded shares of PrairieSky Royalty from a “market perform” rating to an “outperform” rating in a report on Thursday, July 28th.

PrairieSky Royalty (TSE:PSK) opened at 28.50 on Monday. PrairieSky Royalty has a 52 week low of $17.15 and a 52 week high of $28.95. The company’s 50-day moving average is $26.82 and its 200-day moving average is $25.45. The company has a market cap of $6.52 billion and a P/E ratio of 320.22.

The firm also recently declared a monthly dividend, which will be paid on Monday, October 17th. Investors of record on Monday, October 17th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.72 annualized dividend and a dividend yield of 2.53%.

PrairieSky Royalty Company Profile

PrairieSky Royalty Ltd. is a Canada-based company, which holds a portfolio of fee simple mineral title, and oil and gas royalty interests in Canada. The Company’s properties are located in British Columbia, Alberta, Saskatchewan and Manitoba. The Company’s assets include the Fee Lands, encompassing approximately 8.8 million acres; the GORR Interests, encompassing approximately 6.6 million acres of the GORR Lands; the GRT Interests, encompassing approximately 0.2 million acres of the GRT Lands; approximately 0.2 million acres of Crown Interest Lands primarily in Alberta, and the Seismic License to certain seismic data of Encana Corporation, encompassing approximately 40,010 kilometers of two dimensional seismic and over 10,760 square kilometers of three dimensional seismic.

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