PrairieSky Royalty Gets a Hold Rating from RBC Capital

By Carrie Williams

In a new note to investors today, an analyst has provided a rating update for the Materials sector company, PrairieSky Royalty (TSX: PSK). Analyst Michael Harvey from RBC Capital rated PrairieSky Royalty (TSX: PSK) a Hold, setting a C$34 price target.

According to TipRanks.com, Harvey is ranked #392 out of 4554 analysts.

PrairieSky Royalty has an analyst consensus of Moderate Buy, with a price target consensus of C$34.22.

PrairieSky Royalty’s market cap is currently C$7.08B and has a P/E ratio of 170.

PrairieSky Royalty Ltd. engages in collecting royalties from petroleum and natural gas production on its vast fee-simple and gross overriding royalty lands. The company was founded on November 27, 2013 and is headquartered in Calgary, Canada.

The company’s shares closed last Friday at $29.88.