Freehold Royalties Ltd. (TSE:FRU) Receives C$15.71 Average PT from Analysts

Freehold Royalties Ltd. (TSE:FRU) has earned an average recommendation of “Hold” from the seven analysts that are covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$15.71.

FRU has been the topic of a number of recent analyst reports. National Bankshares lifted their target price on Freehold Royalties from C$15.50 to C$16.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Desjardins cut Freehold Royalties from a “buy” rating to a “hold” rating and decreased their target price for the company from C$15.00 to C$14.25 in a research report on Tuesday, April 15th. CIBC cut their price target on Freehold Royalties from C$16.00 to C$15.00 in a research note on Thursday, April 10th. Raymond James cut their price target on Freehold Royalties from C$16.00 to C$14.00 in a research note on Wednesday, April 9th. Finally, Scotiabank raised Freehold Royalties to a “hold” rating in a research note on Wednesday, March 19th.

Insider Buying and Selling

In other Freehold Royalties news, Senior Officer Robert Alexander King purchased 16,500 shares of the company’s stock in a transaction on Thursday, May 15th. The shares were purchased at an average cost of C$12.31 per share, with a total value of C$203,115.00. 0.45% of the stock is owned by insiders.

Freehold Royalties Stock Performance

Freehold Royalties stock opened at C$12.21 on Tuesday. Freehold Royalties has a 12-month low of C$10.53 and a 12-month high of C$14.62. The company has a quick ratio of 1.50, a current ratio of 1.65 and a debt-to-equity ratio of 22.91. The business’s 50-day moving average price is C$11.98 and its two-hundred day moving average price is C$12.75. The stock has a market cap of C$1.84 billion, a PE ratio of 13.84, a P/E/G ratio of -0.92 and a beta of 1.93.

Freehold Royalties Dividend Announcement

The business also recently disclosed a apr 25 dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were paid a $0.09 dividend. This represents a dividend yield of 9.6%. The ex-dividend date was Wednesday, April 30th. Freehold Royalties’s dividend payout ratio is currently 122.40%.

Freehold Royalties Company Profile

Freehold Royalties Ltd is in acquiring and managing Oil and Gas royalties. It operates in two segments: Canada, which includes exploration and evaluation assets and the petroleum and natural gas interests in Western Canada; and the United States, which includes petroleum and natural gas interests held in the Permian (Midland and Delaware), Eagle Ford, Haynesville and Bakken basins primarily located in the states of Texas, Louisiana, and North Dakota.