Freehold Royalties (TSE:FRU) Reaches New 12-Month High – Time to Buy?

by · The Markets Daily

Freehold Royalties Ltd. (TSE:FRU – Get Free Report) shares reached a new 52-week high during trading on Thursday . The company traded as high as C$15.24 and last traded at C$15.20, with a volume of 111488 shares trading hands. The stock had previously closed at C$15.10.

Wall Street Analysts Forecast Growth

FRU has been the subject of a number of research reports. National Bankshares increased their price objective on Freehold Royalties from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. CIBC lifted their price target on shares of Freehold Royalties from C$14.50 to C$15.25 in a research report on Friday, November 14th. Finally, Canaccord Genuity Group upped their price objective on shares of Freehold Royalties from C$16.00 to C$17.00 in a report on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$15.05.

Read Our Latest Stock Report on Freehold Royalties

Freehold Royalties Trading Up 0.8%

The firm has a market capitalization of C$2.50 billion, a PE ratio of 19.03, a P/E/G ratio of -0.92 and a beta of 0.53. The firm has a 50 day simple moving average of C$14.24 and a 200 day simple moving average of C$13.47. The company has a current ratio of 1.65, a quick ratio of 1.50 and a debt-to-equity ratio of 22.91.

Freehold Royalties (TSE:FRU – Get Free Report) last announced its quarterly earnings results on Thursday, November 13th. The company reported C$0.21 earnings per share (EPS) for the quarter. Freehold Royalties had a return on equity of 14.43% and a net margin of 42.42%.The firm had revenue of C$74.36 million for the quarter. Equities analysts expect that Freehold Royalties Ltd. will post 0.7581169 earnings per share for the current fiscal year.

Freehold Royalties Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 17th were paid a $0.09 dividend. The ex-dividend date was Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%. Freehold Royalties’s payout ratio is currently 135.00%.

Freehold Royalties Company Profile

(Get Free Report)

Freehold Royalties Ltd is in acquiring and managing Oil and Gas royalties. It operates in two segments: Canada, which includes exploration and evaluation assets and the petroleum and natural gas interests in Western Canada; and the United States, which includes petroleum and natural gas interests held in the Permian (Midland and Delaware), Eagle Ford, Haynesville and Bakken basins primarily located in the states of Texas, Louisiana, and North Dakota.

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