PrairieSky Royalty Ltd (PSK) PT Raised to C$29.00 at Royal Bank Of Canada
PrairieSky Royalty Ltd (TSE:PSK) had its target price lifted by analysts at Royal Bank Of Canada from C$28.00 to C$29.00 in a report issued on Thursday. Royal Bank Of Canada’s price objective indicates a potential upside of 1.79% from the company’s current price.
PSK has been the subject of a number of other research reports. BMO Capital Markets increased their target price on shares of PrairieSky Royalty from C$25.50 to C$27.00 in a report on Thursday, June 30th. Barclays PLC increased their target price on shares of PrairieSky Royalty from C$26.00 to C$28.00 in a report on Friday, July 22nd. Raymond James Financial Inc. raised their price objective 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. AltaCorp Capital lowered shares of PrairieSky Royalty from an “outperform” rating to a “sector perform” rating in a report on Thursday, July 7th. Finally, TD Securities reiterated a “buy” rating and issued a C$31.00 price objective on shares of PrairieSky Royalty in a report on Tuesday, July 26th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of C$27.83.
Shares of PrairieSky Royalty (TSE:PSK) traded down 0.04% during trading on Thursday, reaching $28.49. 405,131 shares of the company traded hands. The company has a 50-day moving average of $26.82 and a 200-day moving average of $25.45. PrairieSky Royalty has a 12 month low of $17.15 and a 12 month high of $28.95. The stock has a market capitalization of $6.52 billion and a PE ratio of 320.11.
The business also recently disclosed a monthly dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, October 17th will be given a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Wednesday, September 28th.
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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