Freehold Royalties Ltd. (TSE:FRU) Given Average Recommendation of “Moderate Buy” by Brokerages

Freehold Royalties Ltd. (TSE:FRU) has received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$17.45.

Separately, Scotiabank cut their target price on shares of Freehold Royalties from C$18.00 to C$17.00 in a research report on Friday, July 12th.

Freehold Royalties Price Performance

The company has a debt-to-equity ratio of 24.83, a current ratio of 2.05 and a quick ratio of 1.50. The firm has a market capitalization of C$2.16 billion, a PE ratio of 14.20, a PEG ratio of -0.92 and a beta of 1.94. The company has a 50-day simple moving average of C$13.74 and a 200 day simple moving average of C$13.93. Freehold Royalties has a one year low of C$12.66 and a one year high of C$15.06.

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

Freehold Royalties Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.08 annualized dividend and a dividend yield of ∞. Freehold Royalties’s payout ratio is 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.