Freehold Royalties Ltd. (TSE:FRU) declared a monthly dividend on Thursday, February 25th, TickerTech reports. Shareholders of record on Monday, March 15th will be given a dividend of 0.02 per share on Monday, March 15th. This represents a $0.24 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend is Thursday, February 25th.
Freehold Royalties stock opened at C$6.88 on Tuesday. The business has a 50 day moving average price of C$5.93 and a two-hundred day moving average price of C$4.76. The company has a quick ratio of 2.73, a current ratio of 5.13 and a debt-to-equity ratio of 16.39. The stock has a market cap of C$816.97 million and a price-to-earnings ratio of -98.29. Freehold Royalties has a 12 month low of C$2.30 and a 12 month high of C$6.93.
Several equities analysts have commented on the company. Raymond James upped their price target on Freehold Royalties from C$6.50 to C$7.00 and gave the company an “outperform” rating in a report on Friday, January 15th. Scotiabank increased their target price on Freehold Royalties from C$5.50 to C$7.25 in a report on Thursday, January 14th. Canaccord Genuity increased their price target on Freehold Royalties from C$8.00 to C$8.50 in a research report on Thursday, January 7th. CIBC increased their price target on Freehold Royalties from C$8.00 to C$8.50 in a research report on Thursday, January 28th. Finally, National Bank Financial lifted their target price on Freehold Royalties from C$7.50 to C$9.00 in a research note on Friday.
Freehold Royalties Ltd., an oil and gas royalty company, owns working interests in oil, natural gas, and potash properties in Western Canada and the United States. The company holds approximately 6.8 million gross acres of land from northeastern British Columbia to southern Ontario. It has interests in approximately 44,000 wells and receives royalty from 300 industry operators.
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