Freehold Royalties Ltd. (TSE:FRU) Given Consensus Rating of “Hold” by Analysts

Freehold Royalties Ltd. (TSE:FRU) has earned a consensus recommendation of “Hold” from the seven ratings firms that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$15.71.

A number of research firms recently issued reports on FRU. Scotiabank raised shares of Freehold Royalties to a “hold” rating in a research note on Wednesday, March 19th. National Bankshares increased their target price on Freehold Royalties from C$15.50 to C$16.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Desjardins lowered Freehold Royalties from a “buy” rating to a “hold” rating and dropped their price target for the company from C$15.00 to C$14.25 in a research report on Tuesday, April 15th. CIBC decreased their price objective on Freehold Royalties from C$16.00 to C$15.00 in a report on Thursday, April 10th. Finally, Raymond James dropped their target price on shares of Freehold Royalties from C$16.00 to C$14.00 in a report on Wednesday, April 9th.

Freehold Royalties Stock Up 1.8%

Shares of TSE FRU opened at C$12.00 on Tuesday. The firm has a fifty day simple moving average of C$11.97 and a two-hundred day simple moving average of C$12.78. Freehold Royalties has a 12 month low of C$10.53 and a 12 month high of C$14.62. The company has a current ratio of 1.65, a quick ratio of 1.50 and a debt-to-equity ratio of 22.91. The firm has a market capitalization of C$1.80 billion, a PE ratio of 13.60, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93.

Freehold Royalties Dividend Announcement

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

About Freehold Royalties

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.