Freehold Royalties reinstated with a Market Perform at BMO Capital

BMO Capital analyst Jeremy McCrea reinstated coverage of Freehold Royalties with a Market Perform rating and C$15 price target. The firm calls Freehold “a high-margin, low-debt, and risk-averse way to gain exposure to the North American Oil & Gas sector” that offers investors a stable and growing dividend as it executes on its U.S. expansion strategy.