Cormark Comments on Freehold Royalties Ltd’s FY2017 Earnings (TSE:FRU)
Freehold Royalties Ltd (TSE:FRU) – Analysts at Cormark lifted their FY2017 earnings per share estimates for Freehold Royalties in a report issued on Thursday. Cormark analyst A. Arif now forecasts that the company will earn $0.25 per share for the year, up from their previous forecast of $0.20. Cormark also issued estimates for Freehold Royalties’ FY2019 earnings at $0.25 EPS.
A number of other equities analysts have also weighed in on FRU. TD Securities boosted their price objective on shares of Freehold Royalties from C$20.00 to C$21.00 and gave the stock a “buy” rating in a report on Thursday, May 11th. Raymond James Financial, Inc. boosted their price objective on shares of Freehold Royalties from C$15.50 to C$16.00 and gave the stock an “outperform” rating in a report on Thursday, May 11th. Finally, Scotiabank boosted their price objective on shares of Freehold Royalties from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a report on Thursday, August 10th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of C$16.75.
Freehold Royalties (FRU) opened at 13.88 on Monday. The firm’s 50-day moving average price is $13.59 and its 200 day moving average price is $13.45. Freehold Royalties has a one year low of $10.95 and a one year high of $15.16. The company has a market capitalization of $1.64 billion and a price-to-earnings ratio of 82.62.
The business also recently announced a monthly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be given a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date of this dividend is Tuesday, August 29th.
Freehold Royalties Company Profile
Freehold Royalties Ltd. develops and produces oil and natural gas primarily in Western Canada. The company focuses on acquiring and managing oil and gas royalties; and developing and producing oil and gas assets, as well as natural gas liquids and potash properties. It also has royalty interests in eight potash mines in Saskatchewan.
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