Freehold Royalties (TSE:FRU) had its price target cut by Royal Bank of Canada from C$14.00 to C$13.00 in a research note released on Thursday, BayStreet.CA reports.
Several other brokerages have also recently weighed in on FRU. CIBC restated a hold rating and issued a $2.50 price target on shares of Advantage Oil & Gas in a research report on Thursday. Eight Capital set a C$6.00 price target on shares of Peyto Exploration & Development in a research report on Wednesday, May 8th. Canaccord Genuity upgraded shares of Nuvista Energy to a buy rating in a research report on Tuesday, April 9th. National Bank Financial dropped their price objective on shares of Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating for the company in a research note on Tuesday, June 25th. Finally, Raymond James reaffirmed a hold rating on shares of PrairieSky Royalty in a research note on Thursday, July 11th.
Shares of FRU opened at C$8.12 on Thursday. The stock has a fifty day simple moving average of C$8.30. Freehold Royalties has a fifty-two week low of C$7.68 and a fifty-two week high of C$12.45. The company has a market capitalization of $961.88 million and a PE ratio of 406.00. The company has a debt-to-equity ratio of 12.00, a current ratio of 1.90 and a quick ratio of 1.77.
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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