Freehold Royalties Ltd (FRU) Stock Rating Reaffirmed by Acumen Capital
Freehold Royalties Ltd (TSE:FRU)‘s stock had its “buy” rating reissued by equities researchers at Acumen Capital in a report released on Tuesday. They presently have a C$16.25 price target on the stock. Acumen Capital’s target price would suggest a potential upside of 21.81% from the stock’s previous close.
Other equities analysts have also issued research reports about the company. CIBC increased their target price on Freehold Royalties from C$13.50 to C$16.00 in a report on Wednesday, October 19th. TD Securities reissued a “buy” rating and issued a C$16.00 target price on shares of Freehold Royalties in a report on Wednesday, November 9th. Cormark reaffirmed a “buy” rating on shares of Freehold Royalties in a report on Friday, October 28th. Barclays PLC raised 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. Finally, Canaccord Genuity raised 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. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Freehold Royalties presently has an average rating of “Buy” and an average target price of C$15.27.
Freehold Royalties (TSE:FRU) opened at 13.34 on Tuesday. The company has a 50 day moving average price of $12.67 and a 200 day moving average price of $11.91. Freehold Royalties has a 52 week low of $8.29 and a 52 week high of $13.47. The stock’s market cap is $1.57 billion.
The company also recently disclosed a monthly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 15th will be given a $0.04 dividend. The ex-dividend date of this dividend is Monday, November 28th. This represents a $0.48 dividend on an annualized basis and a yield of 3.60%.
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About Freehold Royalties
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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