PrairieSky Royalty Ltd (PSK) Receives C$30.82 Average Price Target from Analysts
Shares of PrairieSky Royalty Ltd (TSE:PSK) have received an average rating of “Hold” from the fourteen brokerages that are covering the company. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$30.82.
PSK has been the topic of a number of research analyst reports. Scotiabank reissued an “outperform” rating and set a C$28.00 price objective on shares of PrairieSky Royalty in a report on Tuesday, July 26th. FirstEnergy Capital raised shares of PrairieSky Royalty from a “market perform” rating to an “outperform” rating in a report on Thursday, July 28th. TD Securities reissued a “buy” rating and set a C$31.00 price objective on shares of PrairieSky Royalty in a report on Tuesday, July 26th. RBC Capital Markets boosted their price objective on shares of PrairieSky Royalty from C$28.00 to C$29.00 in a report on Thursday, October 13th. Finally, Raymond James Financial Inc. boosted their price objective on shares of PrairieSky Royalty from C$30.00 to C$32.00 and gave the company an “outperform” rating in a report on Wednesday, October 26th.
PrairieSky Royalty (TSE:PSK) opened at 29.25 on Monday. The company has a market capitalization of $6.68 billion and a PE ratio of 522.32. The stock’s 50 day moving average price is $28.82 and its 200 day moving average price is $26.31. PrairieSky Royalty has a 12-month low of $17.15 and a 12-month high of $30.79.
The firm also recently announced a monthly dividend, which was paid on Tuesday, November 15th. Investors of record on Tuesday, November 15th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, October 27th. This represents a $0.72 dividend on an annualized basis and a yield of 2.46%.
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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