Alaris Royalty Corp. (AD) Reaches New 12-Month Low at $18.11

Shares of Alaris Royalty Corp. (TSE:AD) reached a new 52-week low during trading on Tuesday . The stock traded as low as C$18.11 and last traded at C$18.35, with a volume of 149243 shares changing hands. The stock had previously closed at C$18.34.

AD has been the subject of several research reports. Raymond James Financial, Inc. dropped their target price on shares of Alaris Royalty Corp. from C$23.00 to C$20.00 and set a “market perform” rating for the company in a report on Wednesday, November 8th. CIBC lifted their target price on shares of Alaris Royalty Corp. from C$20.00 to C$23.00 in a report on Friday, September 1st. Scotiabank dropped their target price on shares of Alaris Royalty Corp. from C$25.00 to C$24.00 and set an “outperform” rating for the company in a report on Thursday, August 3rd. Finally, National Bank Financial lifted their target price on shares of Alaris Royalty Corp. from C$24.00 to C$25.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of C$24.00.

In other Alaris Royalty Corp. news, insider Darren John Driscoll purchased 1,500 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was acquired at an average price of C$18.82 per share, for a total transaction of C$28,230.00. Also, Director Stephen Walter King purchased 1,400 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was acquired at an average price of C$18.89 per share, with a total value of C$26,446.00.

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Alaris Royalty Corp. Company Profile

Alaris Royalty Corp. is a Canada-based company providing capital to private businesses (individually, a Private Company Partner and collectively the Partners). The Company’s operations consist of investments in private operating entities in the form of preferred limited partnership interests, preferred interest in limited liability corporations in the United States, or long-term license and royalty arrangements.

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