Shares of Freehold Royalties Ltd. (OTCMKTS:FRHLF – Get Rating) have earned a consensus rating of "Moderate Buy" from the eleven ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $17.56.
A number of research firms have recently weighed in on FRHLF. Scotiabank increased their price objective on Freehold Royalties from C$17.00 to C$18.00 in a research note on Wednesday, June 8th. CIBC downgraded Freehold Royalties from an "outperform" rating to a "neutral" rating in a report on Wednesday, June 15th. National Bank Financial reduced their price target on Freehold Royalties from C$22.00 to C$20.00 in a report on Monday, July 18th. Finally, Canaccord Genuity Group initiated coverage on Freehold Royalties in a report on Thursday, August 25th. They issued a "buy" rating for the company.
Get Freehold Royalties alerts:Freehold Royalties Trading Down 3.0 %
Shares of FRHLF opened at $10.62 on Friday. The business's 50-day moving average price is $10.49 and its 200-day moving average price is $11.24. Freehold Royalties has a twelve month low of $7.27 and a twelve month high of $13.97.
Freehold Royalties Increases Dividend
The company also recently announced a dividend, which will be paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st will be given a $0.0705 dividend. This represents a dividend yield of 7.59%. The ex-dividend date of this dividend is Tuesday, August 30th. This is an increase from Freehold Royalties's previous dividend of $0.06.Freehold Royalties Company Profile
(Get Rating)
Freehold Royalties Ltd., an oil and gas royalty company, owns working interests in oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. The company holds approximately 6.2 million gross acres of land in Canada and 0.8 million gross drilling unit acres in the United States.
See Also
- Get a free copy of the StockNews.com research report on Freehold Royalties (FRHLF)
- Could Nike Stock be Oversold, but Still Overvalued?
- Is Alcoa A Buy After Strong Q2 Results And More Share Buybacks?
- Will Royal Caribbean's Broadband Partnership Drive Revenue?
- Chip Gear Maker Entegris Has Potential, But Is It Buyable Now?
- DocuSign Has Important Issues to Address When it Reports Earnings
Receive News & Ratings for Freehold Royalties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Freehold Royalties and related companies with MarketBeat.com's FREE daily email newsletter.