Freehold Royalties Ltd. Receives a Hold from Barclays

By Ryan Adsit

Barclays analyst Grant Hofer reiterated a Hold rating on Freehold Royalties Ltd. (NASDAQ: FRHLF) yesterday. The company’s shares closed yesterday at $9.15.

According to TipRanks.com, Hofer is ranked 0 out of 5 stars with an average return of -26.1% and a 35.7% success rate. Hofer covers the Basic Materials sector, focusing on stocks such as Penn West Petroleum Ltd, Paramount Resources Ltd, and Pengrowth Energy Corp.

Freehold Royalties Ltd. has an analyst consensus of Hold.

The company has a one year high of $10.32 and a one year low of $5.75. Currently, Freehold Royalties Ltd. has an average volume of 8,274.

Freehold Royalties Ltd. is engaged in acquiring and managing oil and gas royalties. The majority of Freehold Royalties production comes from royalty assets, which include mineral title and gross overriding royalties. Freehold Royalties was founded in 1996 and is headquartered in Calgary, Canada.