The Globe and Mail reports in its Tuesday, Nov. 18, edition that Desjardins Securities analyst Chris MacCulloch has reaffirmed his "hold" recommendation for Freehold Royalties. The Globe's David Leeder writes in the Eye On Equities column that Mr. MacCulloch jacked his share target up by a loonie to $16. Analysts on average target the shares at $16.25. Mr. MacCulloch says in a note: "We are increasing our target on Freehold following last week's release of constructive 3Q25 financial results. Despite slowing stateside rig counts, drilling activity on the corporate land base remains robust, reflecting its strategic positioning in the most economic areas of the Permian and Eagle Ford. Meanwhile, drilling activity in Canada has also proven resilient in the face of softening oil prices, which positions the company to continue delivering modest organic production growth." The Globe reported on March 14 and May 16, edition that Mr. MacCulloch was keeping his "buy" ranking for Freehold Royalties intact. The shares could then be had for $12.61 and $12.34.