What’s in Freehold Royalties Ltd After Today’s Huge Decline?


 What's in Freehold Royalties Ltd After Today's Huge Decline?

The stock of Freehold Royalties Ltd (TSE:FRU) is a huge mover today! About 74,340 shares traded hands. Freehold Royalties Ltd (TSE:FRU) has risen 18.73% since March 10, 2016 and is uptrending. It has outperformed by 13.12% the S&P500.
The move comes after 7 months negative chart setup for the $1.51 billion company. It was reported on Oct, 17 by Barchart.com. We have $11.72 PT which if reached, will make TSE:FRU worth $135.90 million less.

Freehold Royalties Ltd (TSE:FRU) Ratings Coverage

Out of 4 analysts covering Freehold Royalties (TSE:FRU), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. $18 is the highest target while $11 is the lowest. The $14.34 average target is 11.34% above today’s ($12.88) stock price. Freehold Royalties has been the topic of 18 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Desjardins Securities maintained it with “” rating and $14 target price in Tuesday, June 28 report. The stock has “Outperform” rating given by BMO Capital Markets on Friday, February 12. Scotia Capital maintained the shares of FRU in a report on Friday, August 7 with “Sector Perform” rating. The rating was maintained by Raymond James with “Outperform” on Monday, September 19. The firm earned “Buy” rating on Monday, August 10 by TD Securities.

More notable recent Freehold Royalties Ltd (TSE:FRU) news were published by: Marketwired.com which released: “Freehold Royalties Ltd. Enters Into Agreement to Acquire Royalty Production …” on May 02, 2016, also Marketwired.com with their article: “Freehold Royalties Ltd. Announces 2016 Second Quarter Results and Suspension …” published on August 05, 2016, Marketwired.com published: “Freehold Royalties Ltd. Enters Into Agreements to Acquire Royalty Production …” on April 14, 2015. More interesting news about Freehold Royalties Ltd (TSE:FRU) were released by: Marketwired.com and their article: “Freehold Royalties Ltd. Announces Closing of Acquisition and Public Offering” published on May 25, 2016 as well as Marketwired.com‘s news article titled: “Freehold Royalties Ltd. Announces Strategic Royalty Deals and Corporate …” with publication date: December 04, 2014.

Freehold Royalties Ltd. is a Canada firm engaged in the development and production of oil and natural gas, predominantly in western Canada. The company has a market cap of $1.51 billion. The Company’s primary focus is acquiring and managing oil and natural gas royalties. It currently has negative earnings. The Firm manages a non-government portfolio of oil and natural gas royalties in Canada.

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