PrairieSky Royalty Receives Raised Price Targets and Dividend Update
Brokerages set PrairieSky Royalty’s average 12-month price objective at C$34.42, with Royal Bank of Canada raising its target from C$36.00 to C$38.00 and assigning an outperform rating. Insiders also bought shares, and shareholders of record on July 15 received a C$0.265 dividend per share, with a payout ratio of 100.96%.