Freehold Royalties (OTCMKTS:FRHLF) Releases Quarterly Earnings Results

Freehold Royalties (OTCMKTS:FRHLF) announced its earnings results on Tuesday. The company reported $0.20 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.20, Zacks reports. Freehold Royalties had a return on equity of 13.90% and a net margin of 43.59%.

Freehold Royalties Stock Performance

OTCMKTS FRHLF traded up $0.07 on Tuesday, hitting $11.59. 53,791 shares of the stock traded hands, compared to its average volume of 89,409. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.80 and a current ratio of 1.80. The business’s fifty day moving average is $12.24 and its two-hundred day moving average is $12.33. Freehold Royalties has a 12 month low of $10.15 and a 12 month high of $13.58. The firm has a market capitalization of $1.90 billion and a price-to-earnings ratio of 19.00.

Analyst Ratings Changes

A number of analysts recently commented on the company. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Freehold Royalties in a report on Friday, October 9th. Raymond James Financial restated a “market perform” rating on shares of Freehold Royalties in a research note on Wednesday, September 16th. Five investment analysts have rated the stock with a Hold rating. According to MarketBeat, the company currently has an average rating of “Hold”.

About Freehold Royalties

Freehold Royalties Ltd. is a Canadian royalty company focused on owning oil and natural gas interests rather than directly operating wells. It earns revenue from royalties and other payments tied to production from properties developed and operated by third-party energy companies. The company’s assets include mineral title and royalty interests in oil and natural gas properties, with exposure to crude oil, natural gas and natural gas liquids. Its holdings are concentrated in Western Canada, including the Western Canadian Sedimentary Basin, and also include interests in the United States.