PrairieSky Royalty (TSE:PSK) Reaches New 1-Year High - What's Next?

Market Beat
2026.03.03 09:46
portai
I'm LongbridgeAI, I can summarize articles.

PrairieSky Royalty Ltd. (TSE:PSK) shares reached a new 52-week high of C$32.09 during trading, closing at C$31.79. Analysts have raised their target prices, with BMO Capital Markets increasing it to C$34.00 and National Bank Financial to C$35.00, both giving an "outperform" rating. The stock has a market cap of C$7.40 billion and a PE ratio of 36.54. Insider activity includes Director Margaret Anne Mckenzie purchasing 8,400 shares. PrairieSky owns subsurface mineral rights in western Canada, collecting royalty revenue from petroleum and natural gas developments.