The stock of Freehold Royalties Ltd (TSE:FRU) is a huge mover today! About 152,270 shares traded hands. Freehold Royalties Ltd (TSE:FRU) has risen 12.87% since April 15, 2016 and is uptrending. It has outperformed by 9.01% the S&P500.
The move comes after 6 months positive chart setup for the $1.46 billion company. It was reported on Nov, 21 by Barchart.com. We have $18.29 PT which if reached, will make TSE:FRU worth $671.60M more.
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. $18 is the highest target while $11 is the lowest. The $14.63 average target is 16.76% above today’s ($12.53) stock price. Freehold Royalties has been the topic of 24 analyst reports since July 21, 2015 according to StockzIntelligence Inc. TD Securities maintained Freehold Royalties Ltd (TSE:FRU) on Monday, August 10 with “Buy” rating. The firm earned “Buy” rating on Friday, October 28 by Cormark Securities. RBC Capital Markets maintained Freehold Royalties Ltd (TSE:FRU) on Wednesday, November 9 with “Outperform” rating. On Wednesday, November 9 the stock rating was maintained by Scotia Capital with “Sector Perform”. The rating was maintained by Raymond James with “Outperform” on Monday, September 19. The rating was maintained by TD Securities with “Buy” on Wednesday, November 9. BMO Capital Markets initiated the stock with “Outperform” rating in Friday, February 12 report. National Bank Canada maintained the shares of FRU in a report on Wednesday, November 9 with “Outperform” rating. The stock of Freehold Royalties Ltd (TSE:FRU) has “” rating given on Tuesday, June 28 by Desjardins Securities. The rating was maintained by Scotia Capital on Friday, August 7 with “Sector Perform”.
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 Reuters.com with their article: “BRIEF-Freehold Royalties Ltd achieves outlines 2017 guidance” published on November 08, 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. Announces 2016 Second Quarter Results and Suspension …” published on August 05, 2016 as well as Marketwired.com‘s news article titled: “Freehold Royalties Ltd. Enters Into Agreements to Acquire Royalty Production …” with publication date: April 14, 2015.
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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