PrairieSky Royalty Ltd. (PREKF) – What Are Investment Firms Thinking About This Stock?

Shares of PrairieSky Royalty Ltd. (OTCMKTS:PREKF) have been assigned an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company.

Several research firms have recently issued reports on PREKF. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of PrairieSky Royalty in a report on Friday, October 9th. Royal Bank Of Canada reiterated an “outperform” rating on shares of PrairieSky Royalty in a research note on Wednesday, July 15th. Raymond James Financial reiterated a “market perform” rating on shares of PrairieSky Royalty in a research note on Wednesday, September 16th. Finally, Scotiabank reissued a “sector perform” rating on shares of PrairieSky Royalty in a research report on Monday.

PrairieSky Royalty Price Performance

Shares of PrairieSky Royalty stock opened at $25.85 on Friday. PrairieSky Royalty has a fifty-two week low of $17.09 and a fifty-two week high of $28.07. The firm has a fifty day moving average price of $25.20 and a two-hundred day moving average price of $24.39.

PrairieSky Royalty Company Profile

PrairieSky Royalty Ltd. is a Canadian royalty and mineral-rights company focused on the ownership and management of fee-simple mineral title lands. The company’s holdings are concentrated primarily in Alberta, with additional interests in other parts of Western Canada. Rather than developing the properties itself, PrairieSky grants rights to oil and natural gas producers and earns revenue from royalties and related arrangements.

Its business activities include leasing mineral rights, receiving bonus payments and lease rentals, and collecting royalties on petroleum and natural gas production from its lands.