The Globe and Mail reports in its Wednesday edition that RBC analyst Luke Davis has reaffirmed his "sector perform" recommendation for PrairieSky Royalty. The Globe's David Leeder writes that Mr. Davis raised his share target for PrairieSky to $22 from $21. Analysts on average target the shares at $22.10. Mr. Davis says in a note: "PrairieSky posted strong Q1/22 volumes with oil/liquids trending favourably on increased industry activity. Leasing has been consistent, reaching record levels during the quarter. We expect this will continue to organically push royalty volumes higher through the balance of the year." The Globe reported on Oct. 27, 2021, that iA Capital analyst Elias Foscolos had reaffirmed his "buy" call for PrairieSky when its shares could be had for $15.66. The Globe reported on Dec. 17, 2021, that Mr. Foscolos had upgraded his recommendation for PrairieSky to "strong buy" from "buy." The shares were then worth $13.39. The Globe reported on Jan. 10, 2022, that ATB Capital Markets analyst Patrick O'Rourke began coverage on PrairieSky with a "sector perform" rating. The shares were then worth $14.01. The Globe reported on March 24, 2022, that RBC saw PrairieSky making gains. It was then worth $17.47.
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