A Wall Street analyst has provided a rating update for the Materials sector company yesterday, while remaining neutral on the stock. Analyst Jamie Kubik from CIBC reiterated a Hold rating on Freehold Royalties (FRU), with a C$11 price target.
According to TipRanks.com, Kubik ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -17.3% and a 23.7% success rate. Kubik covers the Basic Materials sector, focusing on stocks such as Paramount Resources Ltd, Freehold Royalties Ltd, and PrairieSky Royalty Ltd.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Freehold Royalties with a C$12.19 average price target.
The company has a one-year high of C$14.01 and a one-year low of C$7.68. Currently, Freehold Royalties has an average volume of 406.6K.
Freehold Royalties Ltd. engages in acquiring and managing oil and gas royalties. Its production comes from royalty assets, which include mineral title and gross overriding royalties. The company was founded in 1996 and is headquartered in Calgary, Canada.
The company’s shares closed on Friday at C$8.85.
