Diversified Royalty Corp. (OTC:BEVFF) Maintains "Buy" Rating from Desjardins
Financial Modeling Prep·2026-02-10 22:05

Core Viewpoint - Diversified Royalty Corp. focuses on acquiring top-line royalties from multi-location businesses and franchisors in North America, aiming to provide stable and growing dividend income to investors [1] Group 1: Financial Performance - On February 10, 2026, Desjardins reaffirmed its "Buy" rating for BEVFF, with the stock priced at $2.92, following a successful $60 million public offering of 5.75% convertible unsecured subordinated debentures, which increased total proceeds to approximately $69 million after underwriters exercised their option for an additional $9 million [2] - Desjardins raised the price target for Diversified Royalty to C$4.50 from C$4.25, reflecting confidence in the company's financial health and growth prospects [3] - Despite a slight decrease of 0.34% in BEVFF's stock price, the company's market capitalization remains robust at approximately $498.6 million, indicating investor confidence in the company's long-term potential [4] Group 2: Market Activity - The stock is traded on the OTC exchange, with a volume of 375 shares, suggesting lower liquidity compared to larger stocks, but highlighting the niche market appeal of Diversified Royalty Corp. for investors seeking unique opportunities in the royalty sector [5]