RBC Capital analyst Luke Davis maintained a Buy rating on Freehold Royalties (OTC:FRHLF) on Wednesday, setting a price target of C$16, which is approximately 45.36% above the present share price of $8.57.
Davis expects Freehold Royalties to post earnings per share (EPS) of $0.17 for the fourth quarter of 2021.
The current consensus among 10 TipRanks analysts is for a Strong Buy rating of shares in Freehold Royalties, with an average price target of $12.03.
The analysts price targets range from a high of $13.24 to a low of $10.9.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $50.88 million and a net profit of $24.93 million. The company's market cap is $1.29 billion.
According to TipRanks.com, RBC Capital analyst Luke Davis is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 42.5% and a 63.79% success rate.
Freehold Royalties Ltd. engages in acquiring and managing of oil and gas royalties. Its production comes from royalty assets, which include mineral title and gross overriding royalties. The company was founded in 1996 and is headquartered in Calgary, Canada.