The Globe and Mail reports in its Tuesday edition that RBC Dominion Securities analyst Michael Harvey has reaffirmed his "outperform" recommendation and $35 share target for PrairieSky Royalty. The Globe's David Leeder writes in the Eye On Equities column that Mr. Harvey says in a note: "PrairieSky's 2025/26 production profile is 63-per-cent/63-per-cent liquids-weighted with royalty revenue driven by liquids at 91 per cent/86 per cent. PrairieSky is the largest royalty landowner in the WCSB (18.5 million acres; 9.8/8.7 million acres fee/GORR lands) and is supported by some of the top operators. The company has significant lands in all key plays throughout the WCSB. We expect 2025/26 corporate production to increase by 4 per cent/8 per cent with the Mannville Heavy, Clearwater, Viking and Duvernay plays leading the pack in activity. The royalty business model is also insulated from industry cost inflation, providing margin stability." The Globe reported on Jan. 31 that National Bank analysts Dan Payne and Travis Wood rated PrairieSky "sector perform." The shares were then worth $27.06. The Globe reported on April 10 that TD Cowen's Aaron Bilkoski had upgraded PrairieSky to "buy" from "hold." It was then worth $24.26.
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