The stock of Freehold Royalties Ltd (TSE:FRU) is a huge mover today! About 18,940 shares traded hands. Freehold Royalties Ltd (TSE:FRU) has risen 6.78% since April 20, 2016 and is uptrending. It has outperformed by 1.37% the S&P500.
The move comes after 7 months negative chart setup for the $1.50B company. It was reported on Nov, 24 by Barchart.com. We have $11.87 PT which if reached, will make TSE:FRU worth $90.00 million 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 company was maintained on Friday, August 7 by Scotia Capital. Scotia Capital maintained the shares of FRU in a report on Wednesday, November 9 with “Sector Perform” rating. On Monday, August 10 the stock rating was maintained by TD Securities with “Buy”. As per Wednesday, November 9, the company rating was maintained by RBC Capital Markets. The rating was maintained by Desjardins Securities with “” on Tuesday, June 28. TD Securities maintained Freehold Royalties Ltd (TSE:FRU) on Wednesday, November 9 with “Buy” rating. On Monday, September 19 the stock rating was maintained by Raymond James with “Outperform”. The firm has “Outperform” rating by BMO Capital Markets given on Friday, February 12. National Bank Canada maintained the stock with “Outperform” rating in Wednesday, November 9 report. The firm earned “Buy” rating on Friday, October 28 by Cormark 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 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 $1.50 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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