Analysts Set PrairieSky Royalty Ltd (PSK) Target Price at $30.04

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Shares of PrairieSky Royalty Ltd (TSE:PSK) have received a consensus rating of “Buy” from the nine research firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$30.04.

A number of analysts have commented on the company. Canaccord Genuity decreased their price objective on PrairieSky Royalty from C$35.00 to C$29.00 in a report on Tuesday, July 10th. National Bank Financial raised PrairieSky Royalty from a “sector perform overweight” rating to an “outperform overweight” rating and boosted their price objective for the stock from C$30.00 to C$31.00 in a report on Wednesday, July 18th. Raymond James decreased their price objective on PrairieSky Royalty from C$29.50 to C$28.50 and set a “market perform” rating for the company in a report on Tuesday, July 24th. CIBC decreased their price objective on PrairieSky Royalty from C$32.00 to C$30.00 in a report on Friday, October 5th. Finally, Macquarie decreased their price objective on PrairieSky Royalty from C$26.00 to C$25.00 in a report on Tuesday, October 30th.

Shares of PSK opened at C$19.87 on Friday. PrairieSky Royalty has a 52 week low of C$19.42 and a 52 week high of C$35.77.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 15th will be issued a dividend of $0.065 per share. This represents a $0.78 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date of this dividend is Tuesday, October 30th.

PrairieSky Royalty Company Profile

PrairieSky Royalty Ltd. engages in crude oil and natural gas businesses in Canada. The company holds royalty interests in properties located in Alberta, Saskatchewan, British Columbia, and Manitoba. It hold interests in approximately 7.8 million acres with petroleum and/or natural gas rights; 1.1 million acres with coal; and 7.5 million acres of GORR Lands.

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Analyst Recommendations for PrairieSky Royalty (TSE:PSK)

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