from today's G&M Equity analysts at Acumen Capital introduced their 2019 “dark horse” picks for 2019 on Tuesday.
The list is comprised of four stocks from the firm’s special situations coverage list.
"The collection of names have either lost a surprising amount of investor conviction or remain under the radar," said analysts Brian Pow, Trevor Reynolds, Nick Corcoran and Jim Byrne.
Their picks are:
Alaris Royalty Corp. (AD-T) with a “buy” rating and $23.50 target. Average: $21.07.
Mr. Pow: "AD’s outlook has improved but investors continue to reflect on past challenges and maintain a cautious stance, leaving the shares trading well below historical levels. We believe the risk reward profile is attractive, based on (1) improvements in the partner performance, and (2) AD’s potential to deploy additional capital. Despite the bumps along the way, AD has retained its dividend which is currently paying shareholders an attractive dividend yield of 9.2 per cent. With a manageable payout ratio of 90 per cent, supported by the underlying strength of the partner portfolio, patient and committed investors are being rewarded.