Shares of PrairieSky Royalty Ltd. (TSE:PSK – Get Free Report) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$23.83 and traded as high as C$24.39. PrairieSky Royalty shares last traded at C$24.19, with a volume of 463,711 shares trading hands.
Analyst Ratings Changes
A number of research analysts have recently issued reports on PSK shares. Raymond James Financial boosted their target price on PrairieSky Royalty from C$28.00 to C$29.00 and gave the company a “market perform” rating in a report on Tuesday, July 15th. Canaccord Genuity Group lowered their price objective on shares of PrairieSky Royalty from C$26.00 to C$25.00 and set a “hold” rating on the stock in a research report on Tuesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$29.86.
View Our Latest Stock Report on PrairieSky Royalty
PrairieSky Royalty Price Performance
PrairieSky Royalty Company Profile
PrairieSky Royalty Ltd is the owner of subsurface mineral rights on a variety of royalty properties in western Canada. The company encourages third parties to develop these properties, while also seeking additional petroleum and natural gas royalty assets. Once PrairieSky has given a third party the right to explore, develop, or produce on its properties, the company collects royalty revenue from the development of petroleum and natural gas.
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