Freehold Royalties Ltd (TSE:FRU) had its price target hoisted by investment analysts at CIBC from C$13.50 to C$16.00 in a note issued to investors on Wednesday. CIBC’s price objective would suggest a potential upside of 21.77% from the company’s current price.

A number of other research analysts have also recently commented on the company. Raymond James Financial Inc. reiterated an “outperform” rating and issued a C$15.00 price objective on shares of Freehold Royalties in a report on Monday, September 19th. Barclays PLC upped their price objective on Freehold Royalties from C$14.00 to C$15.00 and gave the company an “equal weight” rating in a report on Friday, August 5th. BMO Capital Markets upped their price objective on Freehold Royalties from C$14.00 to C$16.00 in a report on Thursday, June 30th. Desjardins set a C$14.00 price objective on Freehold Royalties in a report on Tuesday, June 28th. Finally, Canaccord Genuity upped their price objective on Freehold Royalties from C$13.00 to C$14.25 and gave the company a “hold” rating in a report on Wednesday, October 12th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of C$14.73.

Analyst Recommendations for Freehold Royalties (TSE:FRU)

Freehold Royalties (TSE:FRU) traded up 2.18% on Wednesday, reaching $13.14. The company’s stock had a trading volume of 384,525 shares. Freehold Royalties has a 52 week low of $8.29 and a 52 week high of $13.37. The company has a 50 day moving average of $12.06 and a 200 day moving average of $11.64. The firm’s market capitalization is $1.55 billion.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 15th will be given a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend is Thursday, October 27th.

Freehold Royalties Company Profile

Freehold Royalties Ltd. is a Canada-based company engaged in the development and production of oil and natural gas, predominantly in western Canada. The Company’s primary focus is acquiring and managing oil and natural gas royalties. The Company manages a non-government portfolio of oil and natural gas royalties in Canada.

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