PrairieSky Royalty Ltd. (OTCMKTS:PREKF – Get Free Report)’s share price passed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $25.20 and traded as low as $22.9670. PrairieSky Royalty shares last traded at $22.9670, with a volume of 44,573 shares changing hands.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on the company. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of PrairieSky Royalty in a research note on Wednesday, July 15th. Raymond James Financial restated a “market perform” rating on shares of PrairieSky Royalty in a report on Wednesday, September 16th. Scotiabank restated a “sector perform” rating on shares of PrairieSky Royalty in a research report on Friday, July 17th. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of PrairieSky Royalty in a report on Friday, July 10th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, PrairieSky Royalty currently has an average rating of “Moderate Buy”.
Check Out Our Latest Stock Report on PREKF
PrairieSky Royalty Price Performance
PrairieSky Royalty Company Profile
PrairieSky Royalty Ltd. is a Canadian royalty company that owns and manages mineral title lands, primarily in the Western Canadian Sedimentary Basin. Rather than exploring for or producing resources itself, the company grants exploration and development rights to oil and natural gas producers and other resource companies.
PrairieSky generates revenue through royalties, lease payments, rentals, bonuses and other fees associated with the development of its lands. Its mineral interests include rights relating to oil, natural gas, natural gas liquids and other minerals, allowing the company to participate in resource activity without directly funding drilling, production or operating costs.
Established in 2013 and headquartered in Calgary, Alberta, PrairieSky serves resource operators across Western Canada, with its land holdings concentrated primarily in Alberta and extending into other parts of the region.
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