Freehold Royalties Gets a Buy Rating from RBC Capital

By Ryan Adsit

In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Freehold Royalties (TSX: FRU). RBC Capital’s analyst Biraj Borkhataria reiterates their Buy rating on the shares, with a C$17 price target.

According to TipRanks.com, Borkhataria is a 1-star analyst with an average return of -1.2% and a 33.3% success rate. Borkhataria covers the Basic Materials sector, focusing on stocks such as Jagged Peak Energy Inc, Continental Resources, and Royal Dutch Shell A.

Freehold Royalties has an analyst consensus of Moderate Buy, with a price target consensus of C$17.09.

The company has a one year high of C$15.16 and a one year low of C$10.61. Currently, Freehold Royalties has an average volume of 236.6K.

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.

The company’s shares closed last Thursday at $13.07.