The stock of PrairieSky Royalty Ltd (TSE:PSK) is a huge mover today! About 58,094 shares traded hands. PrairieSky Royalty Ltd (TSE:PSK) has risen 30.99% since April 18, 2016 and is uptrending. It has outperformed by 26.44% the S&P500.
The move comes after 7 months negative chart setup for the $7.50B company. It was reported on Nov, 22 by Barchart.com. We have $29.47 PT which if reached, will make TSE:PSK worth $375.00M less.
PrairieSky Royalty Ltd (TSE:PSK) Ratings Coverage
Out of 6 analysts covering Prairiesky Royalty (TSE:PSK), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. $36 is the highest target while $21 is the lowest. The $28.91 average target is -6.80% below today’s ($31.02) stock price. Prairiesky Royalty has been the topic of 23 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Tuesday, January 12 by Dundee Securities. As per Friday, February 12, the company rating was downgraded by BMO Capital Markets. RBC Capital Markets maintained it with “Sector Perform” rating and $30 target price in Wednesday, November 25 report. The rating was maintained by RBC Capital Markets on Wednesday, October 26 with “Sector Perform”. The firm has “” rating by Raymond James given on Monday, June 6.
More important recent PrairieSky Royalty Ltd (TSE:PSK) news were published by: Business.Financialpost.com which released: “PrairieSky Royalty Ltd’s land base seeing lots of activity” on September 12, 2016, also Marketwired.com published article titled: “Canadian Natural Resources Limited Completes the Distribution of PrairieSky …”, Business.Financialpost.com published: “Canadian Natural Resources Ltd sells most of its royalty lands to PrairieSky …” on November 09, 2015. More interesting news about PrairieSky Royalty Ltd (TSE:PSK) was released by: Theglobeandmail.com and their article: “The Globe and Mail” with publication date: June 01, 2014.
PrairieSky Royalty Ltd. is a Canada company, which holds a portfolio of fee simple mineral title, and gas and oil royalty interests in Canada. The company has a market cap of $7.50 billion. The Company’s properties are located in British Columbia, Alberta, Saskatchewan and Manitoba. It has a 480.26 P/E ratio. The Company’s assets include the Fee Lands, encompassing approximately 8.8 million acres; the GORR Interests, encompassing approximately 6.6 million acres of the GORR Lands; the GRT Interests, encompassing approximately 0.2 million acres of the GRT Lands; approximately 0.2 million acres of Crown Interest Lands primarily in Alberta, and the Seismic License to certain seismic data of Encana Corporation, encompassing approximately 40,010 kilometers of two dimensional seismic and over 10,760 square kilometers of three dimensional seismic.
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