Freehold Royalties (TSE:FRU) Lifted to Hold at Raymond James

Posted by Don Miller on Oct 19th, 2024

Raymond James upgraded shares of Freehold Royalties (TSE:FRU – Free Report) to a hold rating in a research report sent to investors on Thursday morning, Zacks.com reports.

A number of other research firms also recently commented on FRU. Atb Cap Markets downgraded shares of Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Scotiabank cut their price objective on Freehold Royalties from C$18.00 to C$17.00 in a report on Friday, July 12th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$17.45.

View Our Latest Research Report on Freehold Royalties

Freehold Royalties Trading Down 0.3 %

TSE FRU opened at C$13.95 on Thursday. Freehold Royalties has a 12 month low of C$12.66 and a 12 month high of C$15.06. The company has a current ratio of 2.05, a quick ratio of 1.50 and a debt-to-equity ratio of 24.83. The stock’s fifty day moving average price is C$13.74 and its 200-day moving average price is C$13.93. The stock has a market cap of C$2.10 billion, a P/E ratio of 13.95, a P/E/G ratio of -0.92 and a beta of 1.93.

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

Freehold Royalties Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.09 per share. This represents a $1.08 annualized dividend and a yield of 7.74%. The ex-dividend date of this dividend is Thursday, October 31st. Freehold Royalties’s dividend payout ratio is currently 108.00%.

About Freehold Royalties

(Get Free Report)

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.