Freehold Royalties (FRU), the Materials sector company, was revisited by a Wall Street analyst yesterday. The company received a Buy rating from TD Securities’ analyst Aaron Bilkoski, with a C$15 price target.
According to TipRanks.com, Bilkoski is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -17.5% and a 28.4% success rate. Bilkoski covers the Basic Materials sector, focusing on stocks such as Freehold Royalties Ltd, Range Resources Corp, and Pine Cliff Energy.
Freehold Royalties has an analyst consensus of Moderate Buy, with a price target consensus of C$13.39, implying a 57.9% upside from current levels. In a report released yesterday, RBC Capital also reiterated a Buy rating on the stock with a C$14 price target.
.
Based on Freehold Royalties’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$8.39 million. In comparison, last year the company had a GAAP net loss of C$8.06 million.
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 Monday at C$8.48, close to its 52-week low of C$7.68.
