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Freehold Royalties ( (TSE:FRU) ) has provided an announcement.
Freehold Royalties Ltd. has received approval from the Toronto Stock Exchange to initiate a normal course issuer bid, allowing the company to repurchase up to 13,699,733 common shares, approximately 10% of its outstanding shares. This move is aimed at enhancing the company’s per share metrics and increasing shareholder value, as the company believes its current share price does not fully reflect its underlying value. The repurchase plan, which includes an automatic securities purchase plan, is expected to commence on May 27, 2025, and will be managed by a designated broker.
The most recent analyst rating on (TSE:FRU) stock is a Buy with a C$17.00 price target. To see the full list of analyst forecasts on Freehold Royalties stock, see the TSE:FRU Stock Forecast page.
Spark’s Take on TSE:FRU Stock
According to Spark, TipRanks’ AI Analyst, TSE:FRU is a Neutral.
Freehold Royalties demonstrates strong financial performance and attractive valuation, boosted by high dividends. However, negative cash flow and bearish technical indicators are concerns. The restructuring and ongoing dividend payouts provide a positive outlook, though cash management remains a priority. The overall score reflects a balanced view, weighing profitability and strategic initiatives against current market sentiment and financial challenges.
To see Spark’s full report on TSE:FRU stock, click here.
More about Freehold Royalties
Freehold Royalties Ltd. operates in the oil and gas industry, focusing on acquiring and managing royalties and mineral titles. The company primarily generates revenue through the ownership of oil and gas royalties, with a market focus on maximizing shareholder value through strategic acquisitions and effective management of its asset portfolio.
Average Trading Volume: 692,996
Technical Sentiment Signal: Buy
Current Market Cap: C$2.05B
Learn more about FRU stock on TipRanks’ Stock Analysis page.
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