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Diversified Royalty Corp ( (TSE:DIV) ) has provided an announcement.
Diversified Royalty Corp. has upsized its previously announced public offering of 5.75% convertible unsecured subordinated debentures to $60 million, citing strong investor demand, and has granted underwriters an over-allotment option for up to an additional $9 million. The debentures, maturing March 31, 2031, are convertible into common shares at $5.35 and feature defined redemption terms, with net proceeds earmarked to repay amounts under the company’s acquisition facility, support additions to royalty pools of certain partners, and fund working capital, effectively expanding DIV’s financial capacity for future royalty acquisitions and portfolio growth, subject to regulatory approvals.
The most recent analyst rating on (TSE:DIV) stock is a Buy with a C$4.50 price target. To see the full list of analyst forecasts on Diversified Royalty Corp stock, see the TSE:DIV Stock Forecast page.
Spark’s Take on TSE:DIV Stock
According to Spark, TipRanks’ AI Analyst, TSE:DIV is a Neutral.
The score is driven primarily by mixed financial performance: strong profitability and growth but meaningfully constrained by negative/volatile free cash flow and rising leverage. Technicals are supportive with price above major moving averages and positive MACD, while valuation is helped by a high dividend yield but tempered by a mid-range P/E.
To see Spark’s full report on TSE:DIV stock, click here.
More about Diversified Royalty Corp
Diversified Royalty Corp. is a Canadian company listed on the Toronto Stock Exchange that acquires and manages royalties and similar revenue streams from a portfolio of operating businesses. Its model focuses on providing capital to royalty partners while generating stable, diversified cash flows for shareholders through long‑term royalty agreements across multiple sectors.
Average Trading Volume: 260,229
Technical Sentiment Signal: Buy
Current Market Cap: C$604.8M
For a thorough assessment of DIV stock, go to TipRanks’ Stock Analysis page.