11:54 AM EST, 12/16/2024 (MT Newswires) -- BMO Capital Markets on Monday reiterated its market-perform rating on the shares of Freehold Royalties ( FRHLF ) and its C$15.00 price target after the company acquired royalty and mineral-title properties in the Midland Basin of Texas.

"FRU offers investors a high-margin, low-debt, and risk-averse way to gain exposure to the North American Oil & Gas sector ... The company announced the acquisition of additional mineral title and royalty interests in the Midland Basin, in line with its U.S. expansion strategy. This transaction sets the stage for 2025, as the company gains more exposure to premium pricing and increases its high-quality oil-weighted stacked pay exposure," analyst Jeremy McCrea wrote.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 12.92, Change: -0.14, Percent Change: -1.07