Todays Report: Today: Diversified Royalty Corp (DIV) Earns “Outperform” Rating from CIBC

Today: Diversified Royalty Corp (DIV) Earns “Outperform” Rating from CIBC

Diversified Royalty Corp (TSE:DIV)‘s stock had its “outperform” rating reiterated by analysts at CIBC in a note issued to investors on Monday. They presently have a C$3.00 price objective on the stock. CIBC’s price objective points to a potential upside of 22.95% from the company’s current price.

A number of other equities analysts have also recently weighed in on the company. Paradigm Capital cut their price target on Diversified Royalty Corp from C$4.00 to C$3.50 and set a “buy” rating for the company in a report on Wednesday, August 17th. Beacon Securities reissued a “buy” rating on shares of Diversified Royalty Corp in a report on Thursday, November 17th.

Diversified Royalty Corp (TSE:DIV) traded up 0.82% during midday trading on Monday, reaching $2.46. The company’s stock had a trading volume of 439,032 shares. The company has a market capitalization of $281.31 million and a P/E ratio of 39.68. Diversified Royalty Corp has a 1-year low of $1.96 and a 1-year high of $2.60. The company has a 50 day moving average of $2.48 and a 200-day moving average of $2.34.

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Wednesday, November 30th will be given a $0.0185 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 9.10%. The ex-dividend date is Thursday, November 10th.

In other Diversified Royalty Corp news, Director Lance Tracey sold 25,000 shares of the business’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of C$2.42, for a total transaction of C$60,500.00. Also, Director Kevin Arnold Giese sold 49,500 shares of the business’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of C$2.35, for a total value of C$116,325.00.

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