Freehold Royalties Ltd (TSE:FRU)’s share price was up 1.4% during trading on Monday . The stock traded as high as C$8.27 and last traded at C$8.23. Approximately 122,320 shares changed hands during trading, a decline of 63% from the average daily volume of 331,774 shares. The stock had previously closed at C$8.12.
Several equities analysts recently commented on FRU shares. TD Securities cut their price target on shares of Freehold Royalties from C$15.00 to C$14.50 in a report on Friday, March 8th. Raymond James restated a “market perform” rating and issued a C$11.00 target price on shares of Freehold Royalties in a research note on Monday, March 11th. National Bank Financial dropped their target price on shares of Freehold Royalties from C$10.50 to C$10.00 and set an “outperform” rating on the stock in a research note on Friday, March 8th. Eight Capital dropped their target price on shares of Freehold Royalties from C$12.00 to C$11.50 in a research note on Wednesday, May 8th. Finally, Canaccord Genuity upped their target price on shares of Freehold Royalties from C$11.50 to C$12.00 in a research note on Tuesday, April 9th.
The firm has a market cap of $961.88 million and a PE ratio of 410.00. The company has a 50 day simple moving average of C$8.54. The company has a debt-to-equity ratio of 12.00, a quick ratio of 1.77 and a current ratio of 1.90.
Freehold Royalties (TSE:FRU) last released its quarterly earnings data on Tuesday, May 7th. The company reported C($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.03 by C($0.09). The firm had revenue of C$35.61 million for the quarter, compared to analysts’ expectations of C$35.20 million. As a group, analysts anticipate that Freehold Royalties Ltd will post 0.17 EPS for the current year.
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Freehold Royalties Company Profile (TSE:FRU)
Freehold Royalties Ltd., an oil and gas royalty company, owns working interests in oil, natural gas, and potash properties in Western Canada. It holds approximately 6.2 million gross acres of land from northeastern British Columbia to southern Ontario. It has interests in approximately 43,000 wells and receives royalty from 300 industry operators.
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