Freehold Royalties (FRHLF) Projected to Post Earnings on Tuesday

Freehold Royalties (OTCMKTS:FRHLF) is projected to announce its results after the market closes on Tuesday, November 10th. Analysts expect Freehold Royalties to post earnings of $0.1966 per share and revenue of $73.11 million for the quarter.

Freehold Royalties Price Performance

OTCMKTS FRHLF traded down $0.01 during trading on Tuesday, hitting $12.18. 15,549 shares of the company’s stock were exchanged, compared to its average volume of 89,662. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.28. The company has a market cap of $2.00 billion and a PE ratio of 19.97. Freehold Royalties has a fifty-two week low of $9.50 and a fifty-two week high of $13.58. The stock’s 50 day moving average price is $12.33 and its two-hundred day moving average price is $12.31.

Analysts Set New Price Targets

FRHLF has been the topic of several research reports. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Freehold Royalties in a report on Friday, October 9th. Raymond James Financial reissued a “market perform” rating on shares of Freehold Royalties in a research note on Wednesday, September 16th. Five research analysts have rated the stock with a Hold rating. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

About Freehold Royalties

Freehold Royalties Ltd. is a Canadian energy royalty company that owns mineral title interests, royalty interests and other passive interests in oil and natural gas properties. Rather than operating wells directly, the company receives royalty payments and other production-based revenues from exploration and production companies developing resources on its lands.

Freehold’s Canadian assets are concentrated in the western provinces, including Alberta, Saskatchewan, Manitoba and British Columbia.