Freehold Royalties Ltd. (TSE:FRU) Receives Average Recommendation of “Moderate Buy” from Analysts

Freehold Royalties Ltd. (TSE:FRU) has been assigned an average rating of “Moderate Buy” from the eight analysts that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$17.45.

Separately, Scotiabank reduced their price objective on Freehold Royalties from C$18.00 to C$17.00 in a research note on Friday, July 12th.

Freehold Royalties Price Performance

FRU stock opened at C$12.97 on Thursday. The business has a 50 day moving average price of C$13.72 and a 200 day moving average price of C$13.93. The stock has a market cap of C$1.95 billion, a price-to-earnings ratio of 12.97, a PEG ratio of -0.92 and a beta of 1.94. Freehold Royalties has a fifty-two week low of C$12.66 and a fifty-two week high of C$15.27. The company has a quick ratio of 1.50, a current ratio of 2.05 and a debt-to-equity ratio of 24.83.

Freehold Royalties (TSE:FRU) last posted its earnings results on Wednesday, July 31st. The company reported C$0.26 earnings per share for the quarter. Freehold Royalties had a return on equity of 16.17% and a net margin of 46.41%. The firm had revenue of C$84.50 million during the quarter. Equities research analysts anticipate that Freehold Royalties will post 0.7581169 earnings per share for the current fiscal year.

Freehold Royalties Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a $0.09 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 8.33%. The ex-dividend date of this dividend is Friday, August 30th. Freehold Royalties’s payout ratio is currently 108.00%.

Freehold Royalties Company Profile

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.