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Freehold Royalties posted strong Q3 results and saw upgraded price targets, reflecting positive outlook despite Hold ratings.
Freehold Royalties (TSE:FRU) reported Q3 earnings of C$0.21 per share and C$74.36 million in revenue, with a 42.42% net margin and 14.43% return on equity.
The stock received a price target increase to C$15.25 from CIBC and to C$17.00 from Canaccord Genuity, reflecting potential upside of 4.17% and 16.12%, respectively, while maintaining a Hold rating.
Analysts expect full-year EPS of C$0.76, and the consensus rating is Moderate Buy with a target of C$15.05.
The company owns oil and gas royalties in key North American basins, has a market cap of C$2.40 billion, and a debt-to-equity ratio of 22.91.
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Freehold Royalties registró fuertes resultados en el tercer trimestre y mejoró los objetivos de precios, lo que refleja una perspectiva positiva a pesar de las calificaciones de Hold.