Could Freehold Royalties Ltd Recover After Today’s Huge Decline?

 Could Freehold Royalties Ltd Recover After Today's Huge Decline?

The stock of Freehold Royalties Ltd (TSE:FRU) is a huge mover today! About 81,861 shares traded hands. Freehold Royalties Ltd (TSE:FRU) has risen 17.38% since April 8, 2016 and is uptrending. It has outperformed by 12.40% the S&P500.
The move comes after 6 months negative chart setup for the $1.37 billion company. It was reported on Nov, 14 by Barchart.com. We have $11.11 PT which if reached, will make TSE:FRU worth $82.20M less.

Freehold Royalties Ltd (TSE:FRU) Ratings Coverage

Out of 8 analysts covering Freehold Royalties (TSE:FRU), 6 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 75% are positive. Freehold Royalties has been the topic of 24 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Sector Perform” rating on Friday, August 7 by Scotia Capital. The rating was maintained by Raymond James on Monday, September 19 with “Outperform”. The stock has “” rating given by Desjardins Securities on Tuesday, June 28. The firm has “Outperform” rating by National Bank Canada given on Wednesday, November 9. The rating was maintained by TD Securities with “Buy” on Wednesday, November 9. Scotia Capital maintained Freehold Royalties Ltd (TSE:FRU) rating on Wednesday, November 9. Scotia Capital has “Sector Perform” rating and $14.50 price target. The stock has “Buy” rating given by TD Securities on Monday, August 10. The stock has “Buy” rating given by Cormark Securities on Friday, October 28. The company was initiated on Friday, February 12 by BMO Capital Markets. The firm earned “Outperform” rating on Wednesday, November 9 by RBC Capital Markets.

More important 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 Reuters.com published article titled: “BRIEF-Freehold Royalties Ltd achieves outlines 2017 guidance”, 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) was released by: Marketwired.com and their article: “Freehold Royalties Ltd. Announces 2016 Second Quarter Results and Suspension …” with publication date: August 05, 2016.

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 $1.37 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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