Freehold Royalties Ltd. (FRU) Given New C$17.50 Price Target at Eight Capital

Freehold Royalties Ltd. (TSE:FRU) had its price target decreased by Eight Capital from C$17.75 to C$17.50 in a research report sent to investors on Monday.

Other analysts have also issued reports about the company. Barclays PLC raised their target price on Freehold Royalties from C$14.00 to C$15.00 in a research note on Monday, October 30th. CIBC raised their target price on Freehold Royalties from C$16.50 to C$17.50 in a research note on Tuesday, October 17th. Raymond James Financial, Inc. raised their target price on Freehold Royalties from C$15.50 to C$16.50 and gave the company an outperform rating in a research note on Friday, November 10th. National Bank Financial raised their target price on Freehold Royalties from C$16.00 to C$16.50 and gave the company an outperform rating in a research note on Friday, November 10th. Finally, Scotiabank raised their target price on Freehold Royalties from C$14.00 to C$15.00 and gave the company a sector perform rating in a research note on Thursday, August 10th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of C$16.98.

Shares of Freehold Royalties (TSE:FRU) opened at C$15.09 on Monday. Freehold Royalties has a 12 month low of C$11.68 and a 12 month high of C$16.41.

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The company also recently disclosed a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a $0.05 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $0.60 dividend on an annualized basis and a yield of 3.98%. Freehold Royalties’s payout ratio is 294.74%.

About Freehold Royalties

Freehold Royalties Ltd. is a Canada-based company engaged in the development and production of oil and natural gas, predominantly in western Canada. The Company’s primary focus is acquiring and managing oil and natural gas royalties. The Company manages a non-government portfolio of oil and natural gas royalties in Canada.

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