Shares of Freehold Royalties Ltd. (OTCMKTS:FRHLF – Get Rating) have received an average rating of "Moderate Buy" from the eleven brokerages that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $17.56.
Several research analysts have weighed in on FRHLF shares. National Bank Financial lowered their target price on shares of Freehold Royalties from C$22.00 to C$20.00 in a research report on Monday, July 18th. CIBC lowered shares of Freehold Royalties from an "outperform" rating to a "neutral" rating in a research report on Wednesday, June 15th. Canaccord Genuity Group started coverage on shares of Freehold Royalties in a research report on Thursday, August 25th. They issued a "buy" rating on the stock. Finally, Scotiabank increased their price target on shares of Freehold Royalties from C$17.00 to C$18.00 in a research report on Wednesday, June 8th.
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Shares of FRHLF opened at $10.83 on Friday. The firm's 50-day moving average is $10.58 and its two-hundred day moving average is $11.25. 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 declared a dividend, which will be paid on Thursday, September 15th. Investors of record on Wednesday, August 31st will be issued a dividend of $0.0705 per share. This represents a yield of 7.59%. This is a positive change from Freehold Royalties's previous dividend of $0.06. The ex-dividend date is Tuesday, August 30th.About Freehold Royalties
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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.
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