Freehold Royalties (TSE:FRU) Price Target Cut to C$9.00 by Analysts at Raymond James

Freehold Royalties (TSE:FRU) had its price objective reduced by Raymond James from C$10.25 to C$9.00 in a research report sent to investors on Thursday, BayStreet.CA reports.

A number of other research analysts also recently issued reports on FRU. National Bank Financial cut their price target on Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating on the stock in a report on Tuesday, June 25th. Eight Capital set a C$6.00 price target on Peyto Exploration & Development in a report on Wednesday, May 8th. Finally, Canaccord Genuity upgraded Nuvista Energy to a buy rating in a report on Tuesday, April 9th.

Shares of TSE FRU 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. The firm’s fifty 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 has a twelve month low of C$7.68 and a twelve month high of C$12.45.

Freehold Royalties (TSE:FRU) last issued its earnings results on Tuesday, May 7th. The company reported C($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.03 by C($0.09). The business had revenue of C$35.61 million during the quarter, compared to analyst estimates of C$35.20 million. On average, equities research analysts anticipate that Freehold Royalties will post 0.17 earnings per share for the current 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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