Freehold Royalties (TSE:FRU – Get Free Report) was upgraded by Raymond James to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks.com reports.
Several other research analysts have also commented on the company. Scotiabank reduced their price target on Freehold Royalties from C$18.00 to C$17.00 in a research report on Friday, July 12th. Atb Cap Markets lowered shares of Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Freehold Royalties presently has a consensus rating of “Moderate Buy” and a consensus price target of C$17.45.
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Freehold Royalties Stock Down 0.3 %
Freehold Royalties (TSE:FRU – Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The company reported C$0.26 earnings per share (EPS) for the quarter. The firm had revenue of C$84.50 million for the quarter. Freehold Royalties had a net margin of 46.41% and a return on equity of 16.17%. As a group, research analysts expect that Freehold Royalties will post 0.7581169 earnings per share for the current fiscal year.
About Freehold Royalties
Freehold Royalties Ltd. engages in the acquiring and managing royalty interests in the crude oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. Freehold Royalties Ltd. was founded in 1996 and is headquartered in Calgary, Canada.
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