Freehold Royalties Ltd (TSE:FRU) – Analysts at Cormark lifted their FY2018 earnings per share (EPS) estimates for Freehold Royalties in a research note issued to investors on Thursday. Cormark analyst A. Arif now expects that the company will earn $0.21 per share for the year, up from their prior forecast of $0.20.
Several other research analysts also recently commented on FRU. Barclays raised their price objective on Freehold Royalties from C$14.00 to C$15.00 in a report on Monday, October 30th. Eight Capital reduced their price objective on Freehold Royalties from C$17.75 to C$17.50 in a report on Monday, November 13th. Canaccord Genuity raised their price objective on Freehold Royalties from C$16.00 to C$17.00 in a report on Monday, November 13th. National Bank Financial raised their price objective on Freehold Royalties from C$16.00 to C$16.50 and gave the stock an “outperform” rating in a report on Friday, November 10th. Finally, CIBC raised their price objective on Freehold Royalties from C$16.50 to C$17.50 in a report on Tuesday, October 17th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Freehold Royalties has an average rating of “Buy” and a consensus price target of C$16.83.
The business also recently declared a monthly dividend, which will be paid on Monday, January 15th. Stockholders of record on Sunday, December 31st will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.27%. Freehold Royalties’s dividend payout ratio is presently 294.74%.
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Freehold Royalties Company Profile
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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