Freehold Royalties Ltd (TSE:FRU)’s share price hit a new 52-week low during trading on Friday . The company traded as low as C$9.20 and last traded at C$9.35, with a volume of 240248 shares traded. The stock had previously closed at C$9.50.
A number of brokerages have commented on FRU. National Bank Financial decreased their price target on Freehold Royalties from C$19.00 to C$18.50 and set an “outperform” rating on the stock in a research note on Thursday, October 18th. Cormark decreased their price target on Freehold Royalties from C$18.50 to C$16.50 in a research note on Tuesday, October 9th. Raymond James cut Freehold Royalties from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from C$16.75 to C$16.00 in a research note on Friday, August 3rd. Canaccord Genuity decreased their price target on Freehold Royalties from C$17.00 to C$15.50 in a research note on Wednesday, October 24th. Finally, CIBC decreased their price target on Freehold Royalties from C$15.50 to C$14.50 in a research note on Friday, October 5th.
The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 11.28.
In other Freehold Royalties news, Director Marvin F. Romanow bought 20,000 shares of Freehold Royalties stock in a transaction dated Thursday, September 6th. The shares were purchased at an average cost of C$11.17 per share, with a total value of C$223,400.00.
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About Freehold Royalties (TSE:FRU)
Freehold Royalties Ltd., an oil and gas royalty company, owns working interests in oil, natural gas, and potash properties in Western Canada. It holds approximately 6.1 million gross acres of land from northeastern British Columbia to southern Ontario. It has interests in approximately 42,000 wells and receives royalty from industry operators.
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