Freehold Royalties (FRU) Scheduled to Post Quarterly Earnings on Wednesday

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Freehold Royalties (TSE:FRU) is scheduled to announce its earnings results on Wednesday, November 13th. Analysts expect the company to announce earnings of C$0.03 per share for the quarter.

Shares of Freehold Royalties stock remained flat at $C$6.70 during trading on Tuesday. 20,429 shares of the company traded hands, compared to its average volume of 314,409. The company has a debt-to-equity ratio of 15.10, a quick ratio of 2.08 and a current ratio of 2.08. Freehold Royalties has a one year low of C$6.34 and a one year high of C$9.88. The stock has a market capitalization of $794.04 million and a PE ratio of 1,339.00. The firm’s 50 day moving average is C$6.99 and its 200-day moving average is C$7.86.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 15th will be paid a $0.0525 dividend. The ex-dividend date is Wednesday, October 30th. This represents a $0.63 annualized dividend and a dividend yield of 9.40%. Freehold Royalties’s dividend payout ratio is 12,600.00%.

Several analysts recently weighed in on FRU shares. TD Securities boosted their price objective on shares of Freehold Royalties from C$14.00 to C$14.50 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Eight Capital upped their price target on shares of Freehold Royalties from C$11.50 to C$11.65 in a research report on Friday, August 2nd. National Bank Financial cut their price target on shares of Freehold Royalties from C$10.50 to C$9.50 and set a “sector perform” rating on the stock in a research report on Wednesday, October 2nd. CIBC cut their price target on shares of Freehold Royalties from C$9.50 to C$9.00 in a research report on Tuesday, October 15th. Finally, Royal Bank of Canada cut their price target on shares of Freehold Royalties from C$13.00 to C$12.00 in a research report on Friday, October 18th.

About Freehold Royalties

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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Earnings History for Freehold Royalties (TSE:FRU)

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