Could Freehold Royalties Ltd See a Reversal After This Very Weak Session?

 Could Freehold Royalties Ltd See a Reversal After This Very Weak Session?

The stock of Freehold Royalties Ltd (TSE:FRU) is a huge mover today! About 52,725 shares traded hands. Freehold Royalties Ltd (TSE:FRU) has risen 23.22% since March 30, 2016 and is uptrending. It has outperformed by 22.00% the S&P500.
The move comes after 9 months negative chart setup for the $1.46B company. It was reported on Nov, 3 by Barchart.com. We have $11.69 PT which if reached, will make TSE:FRU worth $102.20 million less.

Freehold Royalties Ltd (TSE:FRU) Ratings Coverage

Out of 5 analysts covering Freehold Royalties (TSE:FRU), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. $18 is the highest target while $11 is the lowest. The $14.53 average target is 15.59% above today’s ($12.57) stock price. Freehold Royalties has been the topic of 20 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Desjardins Securities maintained the stock with “” rating in Tuesday, June 28 report. BMO Capital Markets initiated Freehold Royalties Ltd (TSE:FRU) on Friday, February 12 with “Outperform” rating. The firm has “Buy” rating given on Monday, August 10 by TD Securities. On Monday, September 19 the stock rating was maintained by Raymond James with “Outperform”. The stock of Freehold Royalties Ltd (TSE:FRU) earned “Buy” rating by Cormark Securities on Friday, October 28. The stock has “Sector Perform” rating given by Scotia Capital on Friday, August 7.

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. Announces Closing of Acquisition and Public Offering” on May 25, 2016. More interesting news about Freehold Royalties Ltd (TSE:FRU) were released by: Marketwired.com and their article: “Freehold Royalties Ltd. Enters Into Agreements to Acquire Royalty Production …” published on April 14, 2015 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 $1.46 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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