PrairieSky Royalty Ltd. (PREKF) – What Are Analysts Saying About This Stock?

Shares of PrairieSky Royalty Ltd. (OTCMKTS:PREKF) have been assigned a consensus rating of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company.

A number of research firms have recently weighed in on PREKF. Scotiabank reissued a “sector perform” rating on shares of PrairieSky Royalty in a research note on Friday, July 17th. Raymond James Financial restated a “market perform” rating on shares of PrairieSky Royalty in a research report on Wednesday, September 16th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of PrairieSky Royalty in a research note on Friday, October 9th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of PrairieSky Royalty in a report on Wednesday, July 15th.

PrairieSky Royalty Trading Up 3.0%

PREKF opened at $25.43 on Friday. The business’s 50-day moving average price is $25.12 and its 200-day moving average price is $24.30. PrairieSky Royalty has a 12 month low of $17.09 and a 12 month high of $28.07.

About PrairieSky Royalty

PrairieSky Royalty Ltd. is a Canadian royalty and mineral-rights company focused on the ownership and management of fee-simple mineral title lands. The company’s holdings are concentrated primarily in Alberta, with additional interests in other parts of Western Canada. Rather than developing the properties itself, PrairieSky grants rights to oil and natural gas producers and earns revenue from royalties and related arrangements.

Its business activities include leasing mineral rights, receiving bonus payments and lease rentals, and collecting royalties on petroleum and natural gas production from its lands.