Duke Royalty (LON:DUKE) had its target price increased by Berenberg Bank from GBX 54 ($0.71) to GBX 56 ($0.73) in a research note issued to investors on Tuesday, Digital Look reports. They currently have a buy rating on the stock.
Shares of DUKE stock opened at GBX 45.52 ($0.59) on Tuesday. The company has a 50-day moving average price of GBX 46.52. Duke Royalty has a twelve month low of GBX 39.80 ($0.52) and a twelve month high of GBX 64.30 ($0.84). The firm has a market cap of $90.98 million and a P/E ratio of 91.04.
The business also recently disclosed a dividend, which will be paid on Friday, July 12th. Stockholders of record on Thursday, June 27th will be paid a dividend of GBX 0.70 ($0.01) per share. This represents a dividend yield of 1.46%. The ex-dividend date is Thursday, June 27th. Duke Royalty’s dividend payout ratio is currently 6.00%.
Duke Royalty Limited, formerly Praetorian Resources Limited, is a closed-ended investment holding company. The Company’s investment policy is to invest in a diversified portfolio of royalty finance and related opportunities to build a stable and reliable income for shareholders by seeking to invest in, long term, revenue-based royalties in private and/or public companies, and/or other alternative asset classes and/or financing instruments from time to time that bear similar risk and return characteristics to the investments in long term, revenue-based royalties.
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