Freehold Royalties (TSE:FRU) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Freehold Royalties Ltd. (TSE:FRU) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$13.83 and traded as high as C$14.21. Freehold Royalties shares last traded at C$14.10, with a volume of 549,224 shares.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Canaccord Genuity Group decreased their target price on shares of Freehold Royalties from C$19.00 to C$18.00 in a report on Tuesday, October 22nd. Atb Cap Markets downgraded shares of Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Finally, Raymond James raised Freehold Royalties to a “hold” rating in a report on Thursday, October 17th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$17.35.

Freehold Royalties Stock Up 1.4 %

The stock has a market capitalization of C$2.12 billion, a P/E ratio of 14.10, a P/E/G ratio of -0.92 and a beta of 1.93. The company has a debt-to-equity ratio of 24.83, a current ratio of 2.05 and a quick ratio of 1.50. The firm has a 50-day simple moving average of C$13.85 and a 200 day simple moving average of C$13.83.

Freehold Royalties Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.09 per share. This represents a $1.08 dividend on an annualized basis and a yield of 7.66%. The ex-dividend date is Friday, November 29th. Freehold Royalties’s payout ratio is 108.00%.

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.