Shares of Freehold Royalties Ltd. (OTCMKTS:FRHLF – Get Rating) have been given a consensus recommendation of "Moderate Buy" by the eleven research firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $17.56.
A number of research firms have recently issued reports on FRHLF. CIBC lowered Freehold Royalties from an "outperform" rating to a "neutral" rating in a research note on Wednesday, June 15th. Canaccord Genuity Group began coverage on Freehold Royalties in a research note on Thursday, August 25th. They issued a "buy" rating for the company. National Bank Financial lowered their target price on Freehold Royalties from C$22.00 to C$20.00 in a research note on Monday, July 18th. Finally, Scotiabank increased their target price on Freehold Royalties from C$17.00 to C$18.00 in a research note on Wednesday, June 8th.
Get Freehold Royalties alerts:Freehold Royalties Trading Down 3.9 %
FRHLF stock opened at $9.50 on Tuesday. Freehold Royalties has a 1 year low of $7.59 and a 1 year high of $13.97. The stock has a 50-day simple moving average of $10.85 and a 200-day simple moving average of $11.22.
Freehold Royalties Cuts Dividend
The firm also recently disclosed a dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.0685 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a yield of 7.56%.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.
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