Freehold Royalties (OTCMKTS:FRHLF) Sets New 52-Week High – Time to Buy?

Freehold Royalties Ltd (OTCMKTS:FRHLF)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $10.89 and last traded at $10.51, with a volume of 6352 shares. The stock had previously closed at $10.4780.

Analyst Upgrades and Downgrades

Separately, Desjardins reiterated a “hold” rating on shares of Freehold Royalties in a report on Monday. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Freehold Royalties Price Performance

The stock has a market capitalization of $1.78 billion and a P/E ratio of 19.78. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.70 and a current ratio of 1.70. The firm has a fifty day moving average price of $9.99 and a two-hundred day moving average price of $9.57.

Freehold Royalties (OTCMKTS:FRHLF) last posted its quarterly earnings data on Thursday, November 13th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. The company had revenue of $54.00 million during the quarter. Freehold Royalties had a return on equity of 11.47% and a net margin of 37.26%.

Freehold Royalties Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st were issued a $0.0652 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a yield of 794.0%. This is an increase from Freehold Royalties’s previous dividend of $0.07. Freehold Royalties’s payout ratio is 131.03%.

About Freehold Royalties

Freehold Royalties Ltd. engages in the acquiring and managing royalty interests in the crude oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. Freehold Royalties Ltd. was founded in 1996 and is headquartered in Calgary, Canada.