Eight Capital Trims Freehold Royalties (FRU) Target Price to C$11.50

Freehold Royalties (TSE:FRU) had its price target trimmed by Eight Capital from C$12.00 to C$11.50 in a research note published on Wednesday, BayStreet.CA reports.

A number of other analysts have also recently commented on the company. Canaccord Genuity upped their price objective on Freehold Royalties from C$11.50 to C$12.00 in a research report on Tuesday, April 9th. National Bank Financial upped their price target on Freehold Royalties from C$10.00 to C$11.00 in a research report on Monday, April 8th. Raymond James restated a market perform rating and issued a C$11.00 price target on shares of Freehold Royalties in a research report on Monday, March 11th. TD Securities reduced their price target on Freehold Royalties from C$15.00 to C$14.50 in a research report on Friday, March 8th. Finally, CIBC reduced their price target on Freehold Royalties from C$12.00 to C$11.00 in a research report on Friday, February 1st.

Freehold Royalties stock opened at C$8.78 on Wednesday. The firm has a market cap of $1.04 billion and a P/E ratio of 73.78. The company has a debt-to-equity ratio of 11.62, a current ratio of 1.05 and a quick ratio of 1.05. Freehold Royalties has a one year low of C$7.68 and a one year high of C$14.01.

Freehold Royalties (TSE:FRU) last posted its quarterly earnings data on Thursday, March 7th. The company reported C($0.04) EPS for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.14). The company had revenue of C$24.90 million during the quarter, compared to the consensus estimate of C$46.20 million. As a group, research analysts anticipate that Freehold Royalties will post 0.150000018041239 earnings per share for the current year.

The business also recently declared a monthly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 15th were given a $0.0525 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 7.18%. The ex-dividend date of this dividend was Thursday, March 28th. Freehold Royalties’s payout ratio is 439.08%.

Freehold Royalties Company Profile

Freehold Royalties Ltd., an oil and gas royalty company, owns working interests in oil, natural gas, and potash properties in Western Canada. It holds approximately 6.2 million gross acres of land from northeastern British Columbia to southern Ontario. It has interests in approximately 43,000 wells and receives royalty from 300 industry operators.

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