Freehold Royalties (FRHLF) Projected to Announce Earnings on Tuesday

Freehold Royalties (OTCMKTS:FRHLF) is expected to be releasing its results after the market closes on Tuesday, November 10th. Analysts expect the company to post earnings of $0.1966 per share and revenue of $73.11 million for the quarter.

Freehold Royalties Trading Down 0.1%

OTCMKTS:FRHLF traded down $0.01 on Tuesday, reaching $12.18. 15,549 shares of the stock traded hands, compared to its average volume of 89,662. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.28. Freehold Royalties has a 1-year low of $9.50 and a 1-year high of $13.58. The company’s 50 day moving average is $12.33 and its 200-day moving average is $12.31. The firm has a market capitalization of $2.00 billion and a price-to-earnings ratio of 19.97.

Analyst Ratings Changes

A number of equities research analysts have recently commented on FRHLF shares. Raymond James Financial reiterated a “market perform” rating on shares of Freehold Royalties in a research report on Wednesday, September 16th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Freehold Royalties in a research report on Friday, October 9th. Five investment analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

About Freehold Royalties

Freehold Royalties Ltd. is a Canadian energy royalty company that owns mineral title interests, royalty interests and other passive interests in oil and natural gas properties. Rather than operating wells directly, the company receives royalty payments and other production-based revenues from exploration and production companies developing resources on its lands.

Freehold’s Canadian assets are concentrated in the western provinces, including Alberta, Saskatchewan, Manitoba and British Columbia.