Cormark Weighs in on Freehold Royalties Ltd.’s FY2022 Earnings (TSE:FRU)

Freehold Royalties Ltd. (TSE:FRU) – Stock analysts at Cormark increased their FY2022 EPS estimates for Freehold Royalties in a research report issued on Wednesday, May 12th. Cormark analyst A. Arif now anticipates that the company will post earnings of $0.31 per share for the year, up from their prior estimate of $0.24. Cormark also issued estimates for Freehold Royalties’ FY2022 earnings at $0.31 EPS.

A number of other research firms also recently commented on FRU. National Bankshares boosted their price target on shares of Freehold Royalties from C$9.00 to C$10.00 in a research report on Friday. Royal Bank of Canada boosted their price target on shares of Freehold Royalties from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a research report on Wednesday. Scotiabank boosted their price target on shares of Freehold Royalties from C$9.00 to C$9.50 in a research report on Wednesday. Eight Capital boosted their price target on shares of Freehold Royalties from C$6.60 to C$10.00 and gave the stock a “buy” rating in a research report on Friday, March 12th. Finally, BMO Capital Markets boosted their target price on shares of Freehold Royalties from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a report on Wednesday. Seven investment analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average target price of C$10.23.

FRU stock opened at C$9.10 on Friday. Freehold Royalties has a 52 week low of C$3.19 and a 52 week high of C$9.13. The company has a market capitalization of C$1.20 billion and a price-to-earnings ratio of -75.83. The firm’s 50-day moving average is C$7.78 and its two-hundred day moving average is C$6.24. The company has a current ratio of 1.40, a quick ratio of 0.25 and a debt-to-equity ratio of 14.39.

The firm also recently announced a monthly dividend, which will be paid on Monday, May 17th. Investors of record on Monday, May 17th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Thursday, April 29th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.96%. Freehold Royalties’s payout ratio is currently -175.00%.

About Freehold Royalties

Freehold Royalties Ltd., an oil and gas royalty company, owns working interests in oil, natural gas, and potash properties in Western Canada and the United States. The company holds approximately 6.7 million gross acres of land from northeastern British Columbia to southern Ontario. It has interests in approximately 11,000 producing wells and receives royalty from 300 industry operators.

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Earnings History and Estimates for Freehold Royalties (TSE:FRU)

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