Freehold Royalties Ltd (FRU) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of Freehold Royalties Ltd (TSE:FRU) have received a consensus recommendation of “Buy” from the twelve ratings firms that are presently covering the company. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$15.18.
Several equities analysts recently issued reports on FRU shares. Raymond James Financial Inc. reaffirmed an “outperform” rating and set a C$15.00 price objective on shares of Freehold Royalties in a report on Monday, September 19th. Barclays PLC lifted their price objective on Freehold Royalties from C$14.00 to C$15.00 and gave the stock an “equal weight” rating in a report on Friday, August 5th. CIBC lifted their price objective on Freehold Royalties from C$13.50 to C$16.00 in a report on Wednesday, October 19th. Canaccord Genuity lifted their price objective on Freehold Royalties from C$13.00 to C$14.25 and gave the stock a “hold” rating in a report on Wednesday, October 12th. Finally, TD Securities reaffirmed a “buy” rating and set a C$16.00 price objective on shares of Freehold Royalties in a report on Wednesday, November 9th.
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Freehold Royalties (TSE:FRU) opened at 12.32 on Tuesday. Freehold Royalties has a 1-year low of $8.29 and a 1-year high of $13.46. The company’s 50-day moving average price is $12.69 and its 200 day moving average price is $11.90. The firm’s market cap is $1.45 billion.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 15th will be given a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend is Monday, November 28th.
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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