Several other equities analysts have also commented on the stock. National Bank Financial reduced their target price on shares of PrairieSky Royalty from C$29.00 to C$28.00 and set a sector perform rating on the stock in a report on Friday, October 13th. BMO Capital Markets increased their target price on shares of PrairieSky Royalty from C$30.00 to C$35.00 in a report on Tuesday, October 10th. TD Securities lowered shares of PrairieSky Royalty from a buy rating to a hold rating and reduced their target price for the company from C$33.00 to C$32.00 in a report on Monday, October 2nd. Royal Bank Of Canada increased their price target on shares of PrairieSky Royalty from C$34.00 to C$35.00 and gave the company an outperform rating in a research report on Wednesday, July 26th. Finally, GMP Securities increased their price target on shares of PrairieSky Royalty from C$30.00 to C$31.00 in a research report on Wednesday, July 26th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of Buy and an average price target of C$35.45.
PrairieSky Royalty (TSE:PSK) traded up C$0.83 during trading hours on Tuesday, reaching C$35.62. The company’s stock had a trading volume of 268,854 shares, compared to its average volume of 579,434. PrairieSky Royalty has a 52 week low of C$27.10 and a 52 week high of C$35.03.
The company also recently declared a monthly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.0625 per share. The ex-dividend date of this dividend is Monday, October 30th. This represents a $0.75 annualized dividend and a yield of 2.11%.
PrairieSky Royalty Company Profile
PrairieSky Royalty Ltd. is a Canada-based company, which holds a portfolio of fee simple mineral title, and oil and gas royalty interests in Canada. The Company’s properties are located in British Columbia, Alberta, Saskatchewan and Manitoba. As of December 31, 2016, the Company’s assets include the Fee Lands, encompassing approximately 7.8 million acres; the GORR Interests, encompassing approximately 6.3 million acres of the GORR Lands; the GRT Interests, encompassing approximately 0.2 million acres of the GRT Lands; approximately 0.2 million acres of Crown Interest Lands primarily in Alberta, and the Seismic License to certain seismic data of Encana Corporation, encompassing approximately 43,000 kilometers of two dimensional seismic and over 13,000 square kilometers of three dimensional seismic.
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