Freehold Royalties traded at 16.62 this Friday April 17th, decreasing 0.43 or 2.52 percent since the previous trading session. Looking back, over the last four weeks, Freehold Royalties lost 5.41 percent. Over the last 12 months, its price rose by 42.42 percent. Looking ahead, we forecast Freehold Royalties to be priced at 16.75 by the end of this quarter and at 15.61 in one year, according to Trading Economics global macro models projections and analysts expectations.
Freehold Royalties Ltd. is a Canada-based company, which is engaged in the development and production of oil and natural gas, predominantly in western Canada. The Company's primary focus is acquiring and managing oil and natural gas royalties. The Company manages a non-government portfolio of oil and natural gas royalties in Canada. The Company's total land holdings encompass approximately 6.8 million gross acres. Of this, its mineral title lands (including royalty assumption lands), which it owns in perpetuity, cover approximately 750,000 acres. The Company owns approximately 380,000 acres of unleased mineral titles. The Company also has interests in over 44,000 wells.