Freehold Royalties Ltd. (OTCMKTS:FRHLF – Get Free Report) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $9.24 and traded as low as $8.73. Freehold Royalties shares last traded at $8.83, with a volume of 35,684 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Raymond James began coverage on shares of Freehold Royalties in a report on Friday, October 18th. They issued a “market perform” rating and a $16.00 price target on the stock.
Read Our Latest Stock Analysis on FRHLF
Freehold Royalties Trading Up 0.9 %
Freehold Royalties Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be issued a $0.0628 dividend. This represents a dividend yield of 8.38%. The ex-dividend date of this dividend is Friday, January 31st. Freehold Royalties’s payout ratio is currently 181.76%.
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.
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