Insider Buying: Freehold Royalties Ltd (FRU) Insider Buys 5,346 Shares of Stock

Freehold Royalties Ltd (TSE:FRU) insider Michael John Stone acquired 5,346 shares of the stock in a transaction that occurred on Monday, March 20th. The shares were bought at an average price of C$13.77 per share, for a total transaction of C$73,614.42.

Shares of Freehold Royalties Ltd (TSE:FRU) traded down 1.60% during mid-day trading on Monday, hitting $13.57. 127,990 shares of the stock were exchanged. The company’s market cap is $1.60 billion. The stock’s 50-day moving average price is $13.45 and its 200-day moving average price is $13.02. Freehold Royalties Ltd has a 52-week low of $9.66 and a 52-week high of $15.16.

The business also recently announced a monthly dividend, which will be paid on Monday, April 17th. Investors of record on Monday, April 17th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, March 29th. This is a boost from Freehold Royalties’s previous monthly dividend of $0.04. This represents a $0.60 dividend on an annualized basis and a yield of 4.42%.

Your IP Address:

A number of research analysts recently weighed in on FRU shares. Acumen Capital restated a “buy” rating and set a C$16.25 price objective on shares of Freehold Royalties in a research report on Tuesday, November 29th. Royal Bank of Canada increased their price objective on shares of Freehold Royalties from C$16.00 to C$17.00 in a research report on Thursday, December 15th. Desjardins upped their target price on shares of Freehold Royalties from C$14.00 to C$15.00 in a report on Wednesday, December 21st. BMO Capital Markets upped their target price on shares of Freehold Royalties from C$16.00 to C$19.00 in a report on Wednesday, December 21st. Finally, TD Securities reaffirmed a “buy” rating and set a C$17.00 target price on shares of Freehold Royalties in a report on Friday, January 27th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of C$16.31.

Freehold Royalties Company Profile

Freehold Royalties Ltd. is a Canada-based company engaged in the development and production of oil and natural gas, predominantly in western Canada. The Company’s primary focus is acquiring and managing oil and natural gas royalties. The Company manages a non-government portfolio of oil and natural gas royalties in Canada.

Receive News & Ratings for Freehold Royalties Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Freehold Royalties Ltd and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Nike Suspends Relationship with Maria Sharapova
Nike Suspends Relationship with Maria Sharapova
Rob Bironas Ex-Titans Kicker Dies in Car Crash
Rob Bironas Ex-Titans Kicker Dies in Car Crash
Ron Washington Leaves Texas Rangers Due to an Affair
Ron Washington Leaves Texas Rangers Due to an Affair
Jonathan Dwyer Falls in Line with Other Banned NFL Players
Jonathan Dwyer Falls in Line with Other Banned NFL Players
Tony Stewart Case Going to the Grand Jury
Tony Stewart Case Going to the Grand Jury
Oscar Pistorius “Blade Runner” Found Not Guilty of Murder
Oscar Pistorius “Blade Runner” Found Not Guilty of Murder


Leave a Reply

 
© 2006-2017 Web Breaking News.