Freehold Royalties (TSE:FRU) Stock Price Crosses Below Two Hundred Day Moving Average of $13.89

Shares of Freehold Royalties Ltd. (TSE:FRUGet Rating) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$13.89 and traded as low as C$12.77. Freehold Royalties shares last traded at C$13.29, with a volume of 730,963 shares trading hands.

Several brokerages have recently weighed in on FRU. Acumen Capital decreased their price target on Freehold Royalties from C$21.00 to C$20.00 and set a “buy” rating for the company in a research note on Wednesday, May 11th. Raymond James set a C$20.00 target price on Freehold Royalties and gave the company an “outperform” rating in a research report on Thursday, May 12th. Scotiabank upped their target price on Freehold Royalties from C$17.00 to C$18.00 in a research report on Wednesday, June 8th. CIBC upped their target price on Freehold Royalties from C$17.00 to C$19.00 and gave the company an “outperform” rating in a research report on Thursday, March 3rd. Finally, National Bankshares cut their target price on Freehold Royalties from C$19.50 to C$18.00 in a research report on Thursday, April 14th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Freehold Royalties presently has a consensus rating of “Buy” and an average price target of C$17.15.

The firm has a fifty day simple moving average of C$15.15 and a 200-day simple moving average of C$13.89. The firm has a market cap of C$2.00 billion and a P/E ratio of 17.94. The company has a debt-to-equity ratio of 11.90, a current ratio of 2.30 and a quick ratio of 1.85.

The company also recently declared a monthly dividend, which was paid on Monday, April 18th. Shareholders of record on Monday, April 18th were issued a $0.08 dividend. The ex-dividend date was Wednesday, March 30th. This represents a $0.96 annualized dividend and a yield of 7.22%. This is a positive change from Freehold Royalties’s previous monthly dividend of $0.06. Freehold Royalties’s dividend payout ratio is presently 83.67%.

About Freehold Royalties (TSE:FRU)

Freehold Royalties Ltd., an oil and gas royalty company, owns working interests in oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. The company holds approximately 6.2 million gross acres of land in Canada and 0.8 million gross drilling unit acres in the United States.

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