Thu Sep 19 05:48:09 UTC 2024: ## PrairieSky Royalty (PSK) Upgraded to “Outperform” by Royal Bank of Canada

**Calgary, Canada – September 19, 2024** – PrairieSky Royalty (TSE:PSK) received a positive upgrade from Royal Bank of Canada, moving the stock’s rating from “sector perform” to “outperform.” The brokerage also raised its price target to C$33.00, up from C$31.00.

This upgrade follows a positive trend in analyst sentiment towards PrairieSky Royalty. Scotiabank increased its price target to C$31.00 in July, and ATB Capital raised theirs to C$30.00. Overall, the stock has a “Hold” rating with a consensus price target of C$29.17, according to MarketBeat.com.

PrairieSky Royalty is a pure-play royalty company holding interests in crude oil and natural gas across approximately 9.7 million acres in Canada. The company reported strong earnings in the last quarter, achieving C$0.25 earnings per share with a return on equity of 8.37% and a net margin of 46.81%.

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