Freehold Royalties (FRU) Receives a Hold from Raymond James


A Wall Street analyst has provided a rating update for the Materials sector company today, while remaining neutral on the stock. Freehold Royalties (FRU) received a Hold rating from Raymond James’ analyst Jeremy Mccrea, with a C$11 price target.

According to TipRanks.com, Mccrea is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -15.0% and a 27.8% success rate. Mccrea covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy 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$11.94 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 397.7K.

Freehold Royalties Ltd. engages in acquiring and managing of 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 Monday at C$8.54, close to its 52-week low of C$7.68.

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