Freehold Royalties Ltd. (TSE:FRU) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Freehold Royalties Ltd. (TSE:FRU) has been assigned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$17.35.

FRU has been the subject of a number of research analyst reports. Canaccord Genuity Group decreased their price target on Freehold Royalties from C$19.00 to C$18.00 in a research report on Tuesday, October 22nd. Atb Cap Markets lowered Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Finally, Raymond James raised shares of Freehold Royalties to a “hold” rating in a report on Thursday, October 17th.

Freehold Royalties Trading Down 1.9 %

TSE:FRU opened at C$14.16 on Tuesday. Freehold Royalties has a 52 week low of C$12.66 and a 52 week high of C$14.84. The firm has a 50-day moving average price of C$13.91 and a two-hundred day moving average price of C$13.82. The company has a debt-to-equity ratio of 24.83, a quick ratio of 1.50 and a current ratio of 2.05. The firm has a market cap of C$2.13 billion, a price-to-earnings ratio of 14.16, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93.

Freehold Royalties Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a $0.09 dividend. This represents a $1.08 annualized dividend and a yield of 7.63%. The ex-dividend date of this dividend is Friday, November 29th. Freehold Royalties’s dividend payout ratio (DPR) is presently 108.00%.

Freehold Royalties Company Profile

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.