Freehold Royalties (TSE:FRU) had its target price decreased by Raymond James from C$10.25 to C$9.00 in a report issued on Thursday morning, BayStreet.CA reports.
Other research analysts have also issued research reports about the stock. National Bank Financial lowered their price target on shares of Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating for the company in a report on Tuesday, June 25th. Canaccord Genuity upgraded shares of Nuvista Energy to a buy rating in a report on Tuesday, April 9th. Finally, Eight Capital set a C$6.00 price target on shares of Peyto Exploration & Development in a report on Wednesday, May 8th.
Freehold Royalties stock opened at C$8.38 on Thursday. The company has a current ratio of 1.90, a quick ratio of 1.77 and a debt-to-equity ratio of 12.00. Freehold Royalties has a 52-week low of C$7.68 and a 52-week high of C$12.55. The stock’s 50 day moving average price is C$8.31. The company has a market cap of $992.68 million and a price-to-earnings ratio of 419.00.
Freehold Royalties (TSE:FRU) last released its quarterly earnings results on Tuesday, May 7th. The company reported C($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.03 by C($0.09). The business had revenue of C$35.61 million for the quarter, compared to analysts’ expectations of C$35.20 million. Equities research analysts expect that Freehold Royalties will post 0.17 EPS for the current fiscal year.
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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