Freehold Royalties (OTCMKTS:FRHLF) Trading 0.4% Higher – What’s Next?

Freehold Royalties Ltd. (OTCMKTS:FRHLF) shot up 0.4% during mid-day trading on Tuesday . The company traded as high as $9.24 and last traded at $9.23. 23,234 shares changed hands during mid-day trading, a decline of 18% from the average session volume of 28,242 shares. The stock had previously closed at $9.19.

Wall Street Analysts Forecast Growth

Separately, Raymond James assumed coverage on shares of Freehold Royalties in a report on Friday, October 18th. They set a “market perform” rating and a $16.00 target price for the company.

Freehold Royalties Stock Down 1.3 %

The company has a fifty day moving average price of $9.42 and a two-hundred day moving average price of $9.87.

Freehold Royalties Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st were paid a $0.0632 dividend. The ex-dividend date was Tuesday, December 31st. This represents a yield of 8.62%. Freehold Royalties’s dividend payout ratio is 181.76%.

About Freehold Royalties

Freehold Royalties Ltd. engages in the acquiring and managing royalty interests in the crude oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. Freehold Royalties Ltd. was founded in 1996 and is headquartered in Calgary, Canada.