Freehold Royalties Ltd. (OTCMKTS:FRHLF) declared a dividend on Tuesday, November 23rd, investing.com reports. Investors of record on Tuesday, November 30th will be paid a dividend of 0.0482 per share on Wednesday, December 15th. This represents a dividend yield of 6.32%. The ex-dividend date of this dividend is Monday, November 29th.
Shares of FRHLF stock opened at $8.84 on Friday. The company has a 50 day moving average price of $9.17 and a 200 day moving average price of $8.07. Freehold Royalties has a fifty-two week low of $2.55 and a fifty-two week high of $10.46.
A number of research analysts recently weighed in on the stock. National Bank Financial lifted their price objective on shares of Freehold Royalties from C$12.00 to C$13.00 and gave the company an “outperform” rating in a report on Friday, September 24th. CIBC lifted their price objective on shares of Freehold Royalties from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a research report on Friday, October 15th. Scotiabank increased their target price on Freehold Royalties from C$13.50 to C$14.00 and gave the company a “sector perform” rating in a report on Friday, November 19th. TD Securities raised their price target on Freehold Royalties from C$13.50 to C$14.50 and gave the company a “buy” rating in a research note on Thursday, November 11th. Finally, BMO Capital Markets raised their price target on Freehold Royalties from C$12.00 to C$15.00 and gave the company a “market perform” rating in a research note on Thursday, November 11th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $14.64.
Freehold Royalties Ltd. operates as a dividend-paying oil and gas royalty company. The firm engages in acquiring and managing oil and gas royalties. Its production comes from royalty assets, which include mineral title and gross overriding royalties. The company was founded in 1996 and is headquartered in Calgary, Canada.
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