Royalty – Lotts Photo http://lottsphoto.com/ Thu, 19 May 2022 14:11:45 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://lottsphoto.com/wp-content/uploads/2021/03/default-130x130.png Royalty – Lotts Photo http://lottsphoto.com/ 32 32 Gold Royalty (NYSEAMERICAN:GROY) Reports Quarterly Results, Hits Estimates https://lottsphoto.com/gold-royalty-nyseamericangroy-reports-quarterly-results-hits-estimates/ Thu, 19 May 2022 14:11:45 +0000 https://lottsphoto.com/gold-royalty-nyseamericangroy-reports-quarterly-results-hits-estimates/ Gold Royalty (NYSEAMERICAN:GROY – Get Rating) released its quarterly earnings data on Monday. The company reported ($0.02) earnings per share for the quarter, meeting the consensus estimate of ($0.02), Fidelity Earnings reports. NYSEAMERICAN GROY traded down $0.11 during Thursday trading hours, hitting $3.17. 859 shares of the company were traded, with an average volume of […]]]>

Gold Royalty (NYSEAMERICAN:GROY – Get Rating) released its quarterly earnings data on Monday. The company reported ($0.02) earnings per share for the quarter, meeting the consensus estimate of ($0.02), Fidelity Earnings reports.

NYSEAMERICAN GROY traded down $0.11 during Thursday trading hours, hitting $3.17. 859 shares of the company were traded, with an average volume of 689,848. Gold Royalty has a 1-year low of $2.75 and a 1-year high of $7.08.

Several equity analysts have recently published reports on GROY shares. BMO Capital Markets began covering Gold Royalty in a research note on Thursday, February 10. They set a “market performance” rating and a price target of $5.50 on the stock. Zacks Investment Research upgraded Gold Royalty from a “hold” rating to a “buy” rating and set a price target of $4.00 on the stock in a Monday, May 2 research note.

A number of hedge funds and other institutional investors have recently increased or reduced their stakes in the stock. BlackRock Inc. acquired a new position in Gold Royalty during the 4th quarter worth $1,765,000. Goldman Sachs Group Inc. acquired a new stake in Gold Royalty during the 4th quarter valued at $69,000. Stifel Financial Corp acquired a new stake in Gold Royalty during the 4th quarter at a value of $1,187,000. Millennium Management LLC acquired a new stake in Gold Royalty during the 4th quarter at a value of $79,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Gold Royalty during the 4th quarter at a value of $109,000. Institutional investors and hedge funds own 18.82% of the company’s shares.

About Gold Royalty (Get an evaluation)

Gold Royalty Corp., a precious metals-focused royalty company, provides financing solutions to the metals and mining industry. It focuses on acquiring similar royalties, streams and interests at different stages of the mine life cycle to build a portfolio that offers attractive short, medium and long-term returns for its investors.

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YouTuber Emma Chamberlain’s Met Gala necklace, believed to have been stolen from Indian royalty, sparks debate https://lottsphoto.com/youtuber-emma-chamberlains-met-gala-necklace-believed-to-have-been-stolen-from-indian-royalty-sparks-debate/ Tue, 17 May 2022 00:51:53 +0000 https://lottsphoto.com/youtuber-emma-chamberlains-met-gala-necklace-believed-to-have-been-stolen-from-indian-royalty-sparks-debate/ Twitter users have expressed mixed opinions about YouTuber Emma Chamberlain’s famous Met Gala, a diamond choker designed by Cartier, which was allegedly stolen by the British in India. The necklace, lent to the vlogger for the event, would have disappeared from the Royal Treasury of Patiala around 1948. It had previously belonged to Indian ruler […]]]>

Twitter users have expressed mixed opinions about YouTuber Emma Chamberlain’s famous Met Gala, a diamond choker designed by Cartier, which was allegedly stolen by the British in India.

The necklace, lent to the vlogger for the event, would have disappeared from the Royal Treasury of Patiala around 1948. It had previously belonged to Indian ruler Maharaja Bhupinder Singh of Patiala, one of the richest men in the world during his reign from 1900 to 1938.

At the center of the choker is a 23.6 carat golf ball-sized yellow De Beers diamond, at one time the seventh largest in the world. With an additional 2,930 diamonds, the necklace has a total weight of over 1,000 carats.

The necklace is said to have resurfaced in a London store in 1998, where French luxury brand Cartier, which specializes in high-end jewelry, later acquired it.

Netizens throughout the week commented on the necklace Chamberlain, who has more than 11.4 million YouTube subscribers, wore to the Met Gala on May 2.

“Okay, so no one is going to talk about Emma Chamberlain literally wearing a necklace worn by a South Asian king at the Met Gala? When it comes to South Asians, it’s always ignored and dismissed TALK ABOUT THIS” , commented a user with the hashtag #culturalappropriation.

“This fills me with rage, this level of disrespect is unacceptable,” another user wrote.

Others weren’t as impressed, arguing that Chamberlain was not to blame.

“Please why did I see someone say they thought Emma Chamberlain should have kept the Maharaj’s necklace and brought it back to India…as if she had that much power.”

Some simply didn’t find the situation problematic, with several netizens saying “no one cares”.

S. Vijay Kumar, founder of the India Pride Project, a citizen platform that traces India’s lost treasures, explained the difficulty of asserting ownership of stolen antiquities.

He cited the Koh-i-Noor and Golconda Orlov diamond as other examples of smuggled jewelry that found its way to other countries, including the latter which is currently in the Kremlin in Moscow, Russia.

“It is a pity that India is not asserting its clout by seeking to stop open auctions and the display of its looted treasures,” he added.

The ambiguity of international laws makes it almost impossible to obtain stolen objects, especially since many of them have no documents to trace the history of their ownership.

Feature image via Getty/ Twitter

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Permianville Royalty Trust (NYSE:PVL) Short interest down 27.8% in April https://lottsphoto.com/permianville-royalty-trust-nysepvl-short-interest-down-27-8-in-april/ Sun, 15 May 2022 09:09:57 +0000 https://lottsphoto.com/permianville-royalty-trust-nysepvl-short-interest-down-27-8-in-april/ Permianville Royalty Trust (NYSE:PVL – Get Rating) was the target of a significant drop in short interest during the month of April. As of April 30, there was short interest totaling 80,600 shares, down 27.8% from the April 15 total of 111,600 shares. Currently, 0.4% of the company’s shares are sold short. Based on an […]]]>

Permianville Royalty Trust (NYSE:PVL – Get Rating) was the target of a significant drop in short interest during the month of April. As of April 30, there was short interest totaling 80,600 shares, down 27.8% from the April 15 total of 111,600 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 190,200 shares, the day-to-cover ratio is currently 0.4 days.

Permianville Royalty Trust shares opened at $3.44 on Friday. Permianville Royalty Trust has a 12-month low of $1.56 and a 12-month high of $3.49. The company has a 50-day simple moving average of $2.91 and a 200-day simple moving average of $2.47.

The company also recently declared a monthly dividend, which will be paid on Monday, May 16. Shareholders of record on Friday, April 29 will receive a dividend of $0.0315 per share. This represents an annualized dividend of $0.38 and a dividend yield of 10.99%. The ex-dividend date is Thursday, April 28. This is a boost from Permianville Royalty Trust’s previous monthly dividend of $0.02.

About Permianville Royalty Trust (Get a rating)

Permianville Royalty Trust operates as a statutory trust. It holds a net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from properties located in the states of Texas, Louisiana and New Mexico. The company was previously known as Enduro Royalty Trust and changed its name to Permianville Royalty Trust in September 2018.

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Israel sues Teva over blockbuster MS drug, asking for $100m in royalties – report – Endpoints News https://lottsphoto.com/israel-sues-teva-over-blockbuster-ms-drug-asking-for-100m-in-royalties-report-endpoints-news/ Fri, 13 May 2022 17:46:00 +0000 https://lottsphoto.com/israel-sues-teva-over-blockbuster-ms-drug-asking-for-100m-in-royalties-report-endpoints-news/ While Teva faces opioid-related litigation and potential settlements in the United States, it now faces more litigation halfway around the world — in its own home turf. First reported by GlobesThe State of Israel filed a lawsuit Wednesday in a district court seeking a $100 million judgment against Teva, with the state claiming the company […]]]>

While Teva faces opioid-related litigation and potential settlements in the United States, it now faces more litigation halfway around the world — in its own home turf.

First reported by GlobesThe State of Israel filed a lawsuit Wednesday in a district court seeking a $100 million judgment against Teva, with the state claiming the company violated the state’s rights to certain research by failing to pay no royalties for Copaxone, a successful multiple sclerosis treatment that Teva retains marketing rights to.

Copaxone, also known as glatiramer acetate, was developed by the Weizmann Institute of Science in the 1960s. The multiple sclerosis drug was first approved by the FDA in 1996, for a daily dose of 20 mg. In 2014, the FDA approved a higher dose – 40 mg – but given three times a week.

However, Israel’s lawsuit claims the longer interval dosing was developed by researchers at the Weizmann Institute, who ended up suing the pharmaceutical industry in 2018 over the issue before the Israeli government got involved. . Since the researchers who developed the longer interval assay are alleged to have been/are neurologists at public hospitals, the rights to the research belong to the state, according to the lawsuit.

“The state has no alternative but to take legal action against Teva to ensure that it receives appropriate compensation for the use of public resources that have earned Teva huge revenues. scale,” according to the lawsuit.

It was also around the same time that Teva started losing market share for the drug, thanks to companies like Mylan getting their generic forms of Copaxone approved in 2017.

Although Teva did not respond to a request for comment from Endpoint News, Teva told Globes that “We are talking about a recycled lawsuit with baseless allegations that have been asserted against Teva in the past in an ongoing lawsuit since 2018. Teva will respond to all of the allegations as part of the proceeding. judicial, as is customary.

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Strathmore, Siksika Connection to Calgary Stampede Royalty – StrathmoreNow.com https://lottsphoto.com/strathmore-siksika-connection-to-calgary-stampede-royalty-strathmorenow-com/ Wed, 11 May 2022 18:48:12 +0000 https://lottsphoto.com/strathmore-siksika-connection-to-calgary-stampede-royalty-strathmorenow-com/ The 2022 Calgary Stampede is right around the corner, and this year’s new royalty has a special connection to that community. The First Nations Princess and Princess of the Stampede will act as ambassadors for the Calgary Stampede and Treaty 7 celebrating the western way of life at home and abroad during their reign. Calgary […]]]>

The 2022 Calgary Stampede is right around the corner, and this year’s new royalty has a special connection to that community.

The First Nations Princess and Princess of the Stampede will act as ambassadors for the Calgary Stampede and Treaty 7 celebrating the western way of life at home and abroad during their reign.

Calgary Stampede First Nations Princess Sikapinakii Low Horn is a 26-year-old traditional dancer from the Siksika Nation. She is currently attending the University of Calgary as a graduate student in fine arts.

Stampede Princess Jenna Peters works in the energy industry, also participates in Cowboy Challenge events and is a former Stampede Showrider.

Low Horn talks about how she felt when she was crowned.

“It’s definitely settled now. I’m really getting used to everything and I’m really excited. Honestly when I was crowned I was very shocked because I felt like I shouldn’t but I was really doubting myself and I think it was very shocking to me,” he said. she declared.

“I felt so blessed and grateful to have been chosen to represent and be an ambassador for not only the Calgary Stampede, but also for my Siksika Nation,” Low Horn said.

This year, the Calgary Stampede will host a spectacular international powwow. Low Horn explained that she assumes she will be part of the powwow and that in the past at Elbow River Camp there have also been powwow competitions.

“This powwow is going to be much bigger and so I have no doubt that I will definitely be there to support the dancers and I’m not just representing the Siksika Nation, I will be representing all of the Treaty 7 nations,” he said. she declared. .

“It’s very important to me to be an ambassador for the Calgary Stampede and Treaty 7. It’s also very important to me to be an ambassador for the Siksika Nation,” she said.

Something she hopes to share with audiences during the stampede is her ability to share her experiences through storytelling.

“I was raised with my grandparents and my parents, my uncles and my aunts, whatever opportunity they had, they always told us stories growing up, and I think that’s the only thing I really, really like doing now is being able to tell stories not only about myself, but also about the Blackfoot people, the people of Treaty 7, but also about the land and even about the language” , said Low Horn.

Jenna Peters, the 2022 Calgary Stampede Princess, knows Strathmore very well. Having been a former Calgary Stampede showrider who rode at the Lausen Arena.

“I was blessed to be a Calgary Stampede showrider for three years when I was 14, 15 and 16.

And I was blessed to be a part of the centennial year of the Stampede and what goes with it is that the Calgary Stampede showriders traveled to Pasadena to ride and represent the Calgary Stampede in the parade of the Rose Bowl and as well as the parades at Disneyland and just being able to carry the Calgary Stampede brand overseas and represent this organization has been such an amazing experience for me,” she said. “It really ignited a burning passion in my heart to keep doing this. The Calgary Stampede is the reason I am who I am today,” she said.

“I see this as an opportunity to develop myself as well as an opportunity to give back as an ambassador and this role, really, is such an honor. It’s something my older sister had done before me to do it, and following in her footsteps and sharing this journey with her is something that means a lot to me,” Peters said.

Something she wants to convey to Calgary Stampede visitors this year is

“Sikapinakii and I have to challenge, maybe traditional views of what this role looks like and so for us, we’re both very passionate about academics and there’s so much depth to this role,” said she declared.

She said that they will both be able to share their culture during the ambassador role and keep the western way of life alive.

“I think the pandemic has kind of set us back a bit, but something so important is that personal connection that authenticity and Western values. Being able to greet someone with a smile and shake their hand and give them that warm, welcoming feeling is what I want to make sure visitors know the Calgary Stampede is still behind it. It’s still absolutely very important to us this year,” she said.

Peters wanted people in the Strathmore area to know that there is also a personal connection between the community and the Calgary Stampede.

For several years, the Calgary Stampede showriders have been led by Strathmore resident Jamee DeWitt.

“Strathmore is very close to home for her. I’ve been to Strathmore quite a bit so it’s also a home for me. I did a lot of riding at Lausen Arena and it’s just an amazing community there,” she said.

“She has been an incredible asset to the program over the past 10 years. I think she changed the program so much and having someone in Strathmore representing the Stampede is amazing,” Peters said.

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Nigeria lures gas investor with zero taxes and lower royalties https://lottsphoto.com/nigeria-lures-gas-investor-with-zero-taxes-and-lower-royalties/ Sat, 07 May 2022 17:29:49 +0000 https://lottsphoto.com/nigeria-lures-gas-investor-with-zero-taxes-and-lower-royalties/ The federal government has urged investors to take advantage of the generous gas tax incentives provided by the 2021 Petroleum Industry Act (PIA) to boost investment in the sector. The Chief Executive of the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, who made the call in Abuja, yesterday also revealed that Nigeria’s crude […]]]>

The federal government has urged investors to take advantage of the generous gas tax incentives provided by the 2021 Petroleum Industry Act (PIA) to boost investment in the sector.

The Chief Executive of the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, who made the call in Abuja, yesterday also revealed that Nigeria’s crude oil and condensate reserves had risen to 37.047 billion barrels per day as of January 1, 2022, from 36.910 bbs recorded as of January 1, 2021.

Along the same lines, Komolafe said the state of national gas reserves as of January 1, 2022 was 208.62 (trillion cubic feet) TCF, an increase of 1.01% from 206, 53 TCF as of January 1, 2021.

Despite the increase in Nigeria’s gas reserves, the level of production, at around 8BSCF/d of gas, remains very low and insufficient to meet the increase in demand, both local and international, particularly in the wake of supply shortages. supplies caused by the Russian-Ukrainian crisis.

Komolafe said the incentives for gas investors under the PIA include zero hydrocarbon tax, reduced royalty rates, tax consolidation provisions, among others.

He said: “A total of sixty-one (61) operating companies submitted their 2021 Annual Reserves Report in accordance with the provisions of the PIA, 2021.

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Copyright Royalty Board Approves 32% Increase in Mechanical Royalties https://lottsphoto.com/copyright-royalty-board-approves-32-increase-in-mechanical-royalties/ Thu, 05 May 2022 19:42:00 +0000 https://lottsphoto.com/copyright-royalty-board-approves-32-increase-in-mechanical-royalties/ As often in Washington, the best solution is sometimes to meet in the middle. This appears to be the result of today’s motion to the Copyright Royalty Board (CRB) to immediately increase mechanical royalties by 32% – or from 9.1 cents to 12 cents per track – for physical products. , downloads, ringtones and music […]]]>

As often in Washington, the best solution is sometimes to meet in the middle. This appears to be the result of today’s motion to the Copyright Royalty Board (CRB) to immediately increase mechanical royalties by 32% – or from 9.1 cents to 12 cents per track – for physical products. , downloads, ringtones and music bundles.

Signatories to the motion include representatives from Spotify, Google, Pandora and Apple in addition to major label members of the Recording Industry Association of America, as well as members of the National Music Publishers Association (NMPA) and the Nashville Songwriters Association. International (NSAI). The CRB has yet to approve the proposed new rate.

The rate had been disputed leading to a legal impasse which threatened the ratification of the rate over the period 2023-2027. Rights holders and trade groups were aiming for 15 cents.

The motion states that the National Music Publishers’ Association (NMPA), Nashville Songwriters Association International (NSAI) as well as Sony Music Entertainment, Universal Music Group and Warner Music Group, as well as qualified copyright owners, have reached an agreement regarding the rate change, which would take effect in 2023.

Earlier this year, Sony Music Publishing President Jon Platt called the rate-setting process “currently the most critical issue facing songwriters and music publishers in the United States.”

Approval of the rates would mark a major victory for songwriters and publishers who have long argued that essential creators are not compensated fairly for their contributions to a song or recorded work. In fact, the 9.1 cent rate was set in 2008 at the start of what’s called the Phono IV process, involving royalties for both physical (CD, vinyl, and cassette tapes) and digital (streaming and downloads) formats.

Physical vinyl has become a billion-dollar business, according to the RIAA’s 2021 year-end report. While it pales in comparison to the $12 billion in revenue generated by music streaming services last year, it remains a dominant format with no signs of slowing down.

In a statement, SONA Executive Director Michelle Lewis said, “SONA enthusiastically supports the proposed Phonograph Recordings Settlement IV Subpart B, which controls the amount paid to songwriters and publishers for sales of digital downloads. permanents, vinyls and CDs. Big or small, all songwriters should always have a say in the decisions that govern and affect our livelihoods. We are grateful that our collective voice has been heard. This is a long overdue step to correct the historically low rates paid to songwriters and it is time for the inherent value of a song to be properly recognized.

“After extensive consultation with songwriters, publishers and labels, we are pleased to have found a solution that we believe addresses the key concerns of the CRB judges and the individuals and organizations who have shared their points of view. view during these proceedings,” added RIAA CEO Mitch Glazer. “As a music community, we are stronger when we come together to forge long-lasting, lasting win-win deals.”

See below for additional statements related to the CRB motion:

“This new settlement gives songwriters a 32% increase on vinyl, CD and download sales – raising the rate from 9.1 cents to 12 cents – and also includes an annual cost-of-living adjustment to fight inflation. This overwhelmingly positive result is largely due to the creators who made their voices heard in the CRB process. With this filed settlement, we are paving the way to focus solely and relentlessly on increasing streaming rates. As we battle the biggest corporations in the world, pushing for the lowest royalty rates in history, songwriters and their advocates are more united than ever. — David Israelite, President and CEO of the NMPA

“We would like to thank the CRB for flagging an opportunity to increase physical pricing. The 32% increase on CDs, vinyls and downloads is welcome and the fact that the cost of living adjustment being integrated helps us sustain increases in the future.” — Bart Herbison, Executive Director, NSAI

“The AIMP fully supports the proposed CRB Subpart B regulations, which would increase the mechanical rate for physical sales and digital downloads from 9.1 cents to 12 cents. It’s a step in the right direction and will be a big boon to the independent music publishing community. Going forward, nearly every independent publisher will tell you that the future of the music industry is in streaming, and we salute the NMPA’s continued efforts to fight for better streaming prices for all publishers. independent music and songwriters. — Association of Independent Music Publishers

“I want to commend the NMPA and the RIAA for working together to act in the best interests of songwriters. This settlement demonstrates that when the music community acts collaboratively, we can achieve meaningful progress for music creators. — Harvey Mason Jr., CEO of the Recording Academy.

“This settlement provides a much-needed and long-awaited boost to songwriters that will make a real difference to their lives and livelihoods. Importantly, it will also ensure that songwriters will continue to be paid fairly over the next five years, as this increase is indexed to inflation. — Evan Bogart, President of the Recording Academy’s Songwriters and Composers Wing

“The Ivors Academy of British Songwriters and Composers is delighted to hear that the value of writing and publishing rights is starting to be better recognised. This is an important settlement and indicates the necessary direction of travel. —Graham Davies, Managing Director, Ivors Academy

“This unprecedented rate increase for vinyl, CDs and downloads will have a significant impact on our industry and hopefully points to potentially higher rates for streaming from the CRB. We appreciate the efforts made to reach this agreement and thank the NMPA for working on behalf of songwriters and publishers. — Brittain Ashford, Executive Director, Music Publishers Association of the United States

“BMAC supports the proposed settlement for Phonograph Recordings IV Subpart B. Our organization applauds the negotiators for proposing to increase payment for performers by 32%, and we are especially pleased to see the acknowledgments of the cost of living adjustments for songwriters. As we recognize that much remains to be done, we must recognize every step taken in the right direction towards equality for the songwriter. — Prophet, co-founder/co-chair of the Black Music Action Coalition

“These new regulations are a massive step forward for all composers and songwriters and will be of great benefit to many thousands of creators of production music whose works are also offered for sale to the public via CDs, vinyls and digital platforms. We thank the NMPA for negotiating a 32% increase and for continuing to fight for higher and fairer streaming rates in the CRB this fall. — Adam Taylor, President, Production Music Association (PMA)

“With vinyl and CD sales continuing to rise, songwriters getting increased royalties shows that labels are starting to see that we deserve better rates. We hope that with the impending CRB lawsuit, all parties will try to work together so songwriters can get closer to earning a living wage. – Tiffany Red, Founder and Executive Director, The 100 Percenters

“We are very pleased with the 32% increase included in the NMPA-brokered Subpart B settlement. Songwriters desperately need better rates that more fully reflect their contributions. We hope the CRB recognizes this in the biggest streaming battle unfolding this year and that bodes well for things to come. —Don Cason, President/CEO, Church Music Publishers Association

“This settlement is a significant win for songwriters who will see a 33% increase in royalties for physical music sales and downloads from 2023 while locking in future increases to keep up with inflation for the duration of the settlement. ‘deal. We are so grateful to the many grassroots songwriter advocates who refused to accept a status quo settlement and kept knocking on CRB’s door until they were heard. — Artists Rights Alliance

“The Music Artists Coalition applauds and endorses the CRB’s proposed settlement that gives songwriters a well-deserved boost on physical sales and downloads. The songwriting community has successfully advocated for this tariff adjustment and will continue to fighting for a boost where it really matters – streaming Good news for music creators at last!—Music Artists Coalition Board Member Susan Genco

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Diversified Royalty Corp. announces cash dividend for May 2022 https://lottsphoto.com/diversified-royalty-corp-announces-cash-dividend-for-may-2022/ Tue, 03 May 2022 23:24:03 +0000 https://lottsphoto.com/diversified-royalty-corp-announces-cash-dividend-for-may-2022/ VANCOUVER, British Columbia, May 03, 2022 (GLOBE NEWSWIRE) — Diversified Royalty Corp. (TSX: DIV; DIV.DB and DIV.DB.A) (the “Company” or “DIV”) is pleased to announce that its Board of Directors has approved a cash dividend of $0.01833 per share common stock for the period from May 1, 2022 to May 31, 2022, which equals $0.22 […]]]>

VANCOUVER, British Columbia, May 03, 2022 (GLOBE NEWSWIRE) — Diversified Royalty Corp. (TSX: DIV; DIV.DB and DIV.DB.A) (the “Company” or “DIV”) is pleased to announce that its Board of Directors has approved a cash dividend of $0.01833 per share common stock for the period from May 1, 2022 to May 31, 2022, which equals $0.22 per common share on an annualized basis. The dividend will be paid on May 31, 2022 to shareholders of record at the close of business on May 13, 2022.

Date of publication of first quarter 2022 results

DIV will release earnings results for the three months ended March 31, 2022 after the close of regular trading on the Toronto Stock Exchange on May 10, 2022.

About Diversified Royalty Corp.

DIV is a multi-royalty company, in the business of acquiring front-line royalties from well-managed multi-site businesses and franchisors in North America. DIV’s goal is to acquire predictable and growing royalty streams from a diverse group of multi-site businesses and franchisors.

DIV currently owns the Mr. Lube, AIR MILES®, Sutton, Mr. Mikes, Nurse Next Door and Oxford Learning Centers. Mr. Lube is Canada’s leading quick lube service company, with locations across Canada. AIR MILES® is the largest coalition loyalty program in Canada with approximately two-thirds of Canadian households actively participating in the AIR MILES program® Program. Sutton is one of Canada’s leading residential real estate brokerage franchise businesses. Mr. Mikes operates casual steakhouse restaurants primarily in communities across Western Canada. Nurse Next Door is one of the fastest growing home care providers in North America, with offices in Canada and the United States as well as Australia. Oxford Learning Centers is one of the leading franchised further education services in Canada and the United States.

DIV intends to increase cash flow per share by making accretive royalty purchases and through the growth of purchased royalties. DIV intends to pay a monthly dividend to shareholders and to increase the dividend based on increased cash flow per share.

Forward-looking statements

Certain statements contained in this press release may constitute “forward-looking information” within the meaning of applicable securities laws that involve known and unknown risks, uncertainties and other factors that may cause results, performance or actual achievements are materially different from any future ones. results, performance or achievements expressed or implied by such forward-looking information. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “intend”, “may”, “will”, “plan”, “should “, “believe”, “confident”, “plan” and “intend” and similar expressions are intended to identify forward-looking information, although not all forward-looking information contains these identifying words. Specifically, forward-looking information contained in this press release includes, but is not limited to, statements regarding: the amount and timing of the May 2022 dividend to be paid to DIV shareholders; DIV’s intention to pay monthly dividends to shareholders; and corporate objectives of DIV. These statements involve known and unknown risks, uncertainties and other factors that may cause the actual results or events, performance or achievements of DIV to differ materially from those anticipated or implied by such forward-looking information. DIV believes that the expectations reflected in the forward-looking information included in this press release are reasonable, but no assurance can be given that such expectations will prove to be correct. In particular, there can be no assurance that: DIV will be able to pay monthly dividends to holders of its common stock; or DIV will achieve one of its corporate objectives. Given these uncertainties, readers are cautioned that the forward-looking information included in this press release is not a guarantee of future performance, and such forward-looking information should not be relied upon unduly. Further information on the risks and uncertainties affecting DIV’s business and the business of its royalty partners can be found in the “Risk Factors” section of its Annual Information Form dated March 10, 2022 and in its MD&A dated March 10, 2022. most recent, copies of each are available under the DIV profile on SEDAR at www.sedar.com.

In making the forward-looking information contained herein, management has assumed that DIV will generate sufficient cash flow from its royalties to service its debt and pay dividends to shareholders; the lenders will provide any necessary waivers to allow DIV to continue to pay dividends; the impacts of COVID-19 on DIV and its Royalty Partners will be consistent with DIV’s expectations and the expectations of management of each of its Royalty Partners, both in extent and duration; DIV and its royalty partners will be able to reasonably manage the impacts of the COVID-19 pandemic on their respective businesses. These assumptions, although considered reasonable by management at the time of preparation, may prove to be incorrect.

All forward-looking statements made in this press release are qualified by such cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that actual results or developments will occur or, even if largely realize, that they will have the expected consequences or effects on the IVD. The forward-looking information included in this press release is made as of the date of this press release, and DIV undertakes no obligation to publicly update or revise such information to reflect new events or circumstances, except as required by applicable law. ‘required.

THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND ACCEPTS NO RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Further information

Additional information regarding the Company and other public documents are available on SEDAR at www.sedar.com.

Contact:
Sean Morrison, President and CEO
Diversified Royalty Corp.
(236) 521-8470

Greg Gutmanis, Chief Financial Officer and Vice President of Acquisitions
Diversified Royalty Corp.
(236) 521-8471

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$43.73 million in sales expected for Kimbell Royalty Partners, LP (NYSE:KRP) this quarter https://lottsphoto.com/43-73-million-in-sales-expected-for-kimbell-royalty-partners-lp-nysekrp-this-quarter/ Mon, 02 May 2022 07:43:58 +0000 https://lottsphoto.com/43-73-million-in-sales-expected-for-kimbell-royalty-partners-lp-nysekrp-this-quarter/ Wall Street brokers expect Kimbell Royalty Partners, LP (NYSE:KRP – Get Rating) to report sales of $43.73 million for the current quarter, according to Zacks Investment Research. Three analysts have released earnings estimates for Kimbell Royalty Partners, with estimates ranging from $37.69 million to $55.00 million. Kimbell Royalty Partners reported sales of $22.42 million in […]]]>

Wall Street brokers expect Kimbell Royalty Partners, LP (NYSE:KRP – Get Rating) to report sales of $43.73 million for the current quarter, according to Zacks Investment Research. Three analysts have released earnings estimates for Kimbell Royalty Partners, with estimates ranging from $37.69 million to $55.00 million. Kimbell Royalty Partners reported sales of $22.42 million in the same quarter last year, suggesting a positive 95% year-over-year growth rate. The company is expected to release its next quarterly results before the market opens on Monday, January 1.

According to Zacks, analysts expect Kimbell Royalty Partners to report annual revenue of $201.34 million for the current fiscal year, with estimates ranging from $156.80 million to $272.00. millions of dollars. For the next fiscal year, analysts expect the company to post sales of $217.87 million, with estimates ranging from $176.20 million to $254.00 million. Zacks sales averages are an average based on a survey of research companies that cover Kimbell Royalty Partners.

Kimbell Royalty Partners (NYSE:KRP – Get Rating) last released quarterly earnings data on Thursday, February 24. The energy company reported earnings per share (EPS) of $0.44 for the quarter, beating the consensus estimate of $0.18 by $0.26. Kimbell Royalty Partners achieved a return on equity of 9.61% and a net margin of 22.64%. The company posted revenue of $55.68 million for the quarter, versus a consensus estimate of $45.50 million. During the same period of the previous year, the company achieved EPS of $0.30.

A number of research companies have recently commented on KRP. Raymond James raised his price target on shares of Kimbell Royalty Partners from $22.00 to $25.00 and gave the stock a “strong buy” rating in a Monday, April 25 report. Stephens assumed coverage for Kimbell Royalty Partners shares in a Wednesday, April 13 research note. They set an “overweight” rating and a price target of $22.00 on the stock. TheStreet upgraded shares of Kimbell Royalty Partners from a “c” rating to a “b” rating in a Friday, February 25 research report. KeyCorp raised its price target on shares of Kimbell Royalty Partners from $17.00 to $18.00 and gave the company an “overweight” rating in a Monday, April 11 report. Finally, Zacks Investment Research upgraded shares of Kimbell Royalty Partners from a “hold” rating to a “buy” rating and set a price target of $18.00 on the stock in a Wednesday 13 research note. april. Four research analysts gave the stock a buy rating and one gave the company a strong buy rating. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $20.20.

NYSE:KRP shares opened at $16.83 on Monday. The stock has a market capitalization of $1.09 billion, a P/E ratio of 33.66 and a beta of 1.69. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt ratio of 0.62. The company has a 50-day moving average price of $16.49. Kimbell Royalty Partners has a 52 week low of $10.00 and a 52 week high of $17.72.

The company also recently announced a quarterly dividend, which will be paid on Monday, May 9. Shareholders of record on Monday, May 2 will receive a dividend of $0.47. The ex-dividend date is Friday, April 29. This represents an annualized dividend of $1.88 and a yield of 11.17%. This is a positive change from Kimbell Royalty Partners’ previous quarterly dividend of $0.37. Kimbell Royalty Partners’ dividend payout ratio is currently 296.01%.

In related news, director Mitch S. Wynne sold 13,689 shares of Kimbell Royalty Partners in a trade that took place on Thursday, March 10. The stock was sold at an average price of $16.18, for a total transaction of $221,488.02. The sale was disclosed in a filing with the SEC, accessible via the SEC’s website. Additionally, major shareholder Pep I. Holdings, Llc sold 3,999,919 shares of Kimbell Royalty Partners in a transaction that took place on Thursday, March 31. The stock was sold at an average price of $15.04, for a total value of $60,158,781.76. The disclosure of this sale can be found here. In the past three months, insiders have sold 4,015,608 shares of the company valued at $60,411,170. Insiders hold 5.60% of the shares of the company.

Several institutional investors and hedge funds have recently increased or reduced their stake in the company. Accel Wealth Management increased its position in Kimbell Royalty Partners by 40.0% during the 1st quarter. Accel Wealth Management now owns 7,000 shares of the energy company valued at $114,000 after buying an additional 2,000 shares last quarter. Truist Financial Corp increased its holdings of Kimbell Royalty Partners shares by 46.3% in the first quarter. Truist Financial Corp now owns 17,865 shares of the energy company valued at $291,000 after buying an additional 5,655 shares in the last quarter. Stephens Inc. AR increased its stake in Kimbell Royalty Partners by 285.3% during the fourth quarter. Stephens Inc. AR now owns 82,289 shares of the energy company worth $1,122,000 after acquiring an additional 60,931 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Kimbell Royalty Partners by 118.6% during the fourth quarter. Wells Fargo & Company MN now owns 266,546 shares of the energy company worth $3,633,000 after purchasing an additional 144,630 shares during the period. Finally, Yaupon Capital Management LP acquired a new stake in Kimbell Royalty Partners during the 4th quarter for a value of approximately $1,590,000. 28.88% of the shares are held by hedge funds and other institutional investors.

Company Profile Kimbell Royalty Partners (Get a rating)

Kimbell Royalty Partners, LP, together with its subsidiaries, acquires and holds mineral interests and royalties in oil and gas properties in the United States. As of December 31, 2021, it held mineral interests and royalties on approximately 11.4 million gross acres and overriding royalty interests on approximately 4.7 million gross acres.

Further reading

Get a Free Copy of Zacks’ Research Report on Kimbell Royalty Partners (KRP)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

Earnings history and estimates for Kimbell Royalty Partners (NYSE:KRP)

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Kimbell Royalty Partners, LP (NYSE:KRP) is expected to report earnings of $0.17 per share https://lottsphoto.com/kimbell-royalty-partners-lp-nysekrp-is-expected-to-report-earnings-of-0-17-per-share/ Sat, 30 Apr 2022 14:14:55 +0000 https://lottsphoto.com/kimbell-royalty-partners-lp-nysekrp-is-expected-to-report-earnings-of-0-17-per-share/ Wall Street analysts expect Kimbell Royalty Partners, LP (NYSE:KRP – Get Rating) to report earnings of $0.17 per share for the current quarter, Zacks reports. Three analysts released earnings estimates for Kimbell Royalty Partners, with the highest EPS estimate of $0.22 and the lowest estimate of $0.12. Kimbell Royalty Partners reported earnings of ($0.02) per […]]]>

Wall Street analysts expect Kimbell Royalty Partners, LP (NYSE:KRP – Get Rating) to report earnings of $0.17 per share for the current quarter, Zacks reports. Three analysts released earnings estimates for Kimbell Royalty Partners, with the highest EPS estimate of $0.22 and the lowest estimate of $0.12. Kimbell Royalty Partners reported earnings of ($0.02) per share in the same quarter last year, suggesting a positive growth rate of 950% year-over-year. The company is expected to release its next quarterly earnings report before the market opens on Monday, January 1.

According to Zacks, analysts expect Kimbell Royalty Partners to report annual earnings of $0.92 per share for the current fiscal year, with EPS estimates ranging from $0.50 to $1.34. For the next fiscal year, analysts expect the company to post earnings of $1.30 per share, with EPS estimates ranging from $0.51 to $2.08. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts who track Kimbell Royalty Partners.

Kimbell Royalty Partners (NYSE:KRP – Get Rating) last announced its results on Thursday, February 24. The energy company reported EPS of $0.44 for the quarter, beating consensus analyst estimates of $0.18 from $0.26. The company posted revenue of $55.68 million in the quarter, versus a consensus estimate of $45.50 million. Kimbell Royalty Partners achieved a return on equity of 9.61% and a net margin of 22.64%. In the same quarter of the previous year, the company had earned earnings per share of $0.30.

A number of stock analysts have recently commented on KRP’s stock. KeyCorp raised its price target on Kimbell Royalty Partners from $17.00 to $18.00 and gave the company an “overweight” rating in a Monday, April 11 report. Zacks Investment Research upgraded Kimbell Royalty Partners from a “hold” rating to a “buy” rating and set a target price of $18.00 for the company in a Wednesday, April 13 report. TheStreet upgraded Kimbell Royalty Partners from a ‘c’ rating to a ‘b’ rating in a Friday, February 25 report. Raymond James raised his price target on Kimbell Royalty Partners from $22.00 to $25.00 and gave the stock a “Strong Buy” rating in a Monday, April 25 report. Finally, Stephens launched a coverage on Kimbell Royalty Partners in a report on Wednesday, April 13. They issued an “overweight” rating and a price target of $22.00 for the company. Four investment analysts gave the stock a buy rating and one gave the company a high buy rating. According to MarketBeat, Kimbell Royalty Partners has a consensus buy rating and a consensus price target of $20.20.

Shares of Kimbell Royalty Partners were up $0.03 midday Friday, hitting $16.83. 355,202 shares of the company were traded, compared to its average volume of 389,170. The company has a leverage ratio of 0.62, a quick ratio of 1.60 and a current ratio of 1.60. The company has a market capitalization of $1.09 billion, a PE ratio of 33.66 and a beta of 1.69. The stock has a 50-day moving average of $16.49 and a 200-day moving average of $15.19. Kimbell Royalty Partners has a 12-month low of $10.00 and a 12-month high of $17.72.

The company also recently declared a quarterly dividend, which will be paid on Monday, May 9. Shareholders of record on Monday, May 2 will receive a dividend of $0.47 per share. The ex-dividend date is Friday, April 29. This is an increase from Kimbell Royalty Partners’ previous quarterly dividend of $0.37. This represents an annualized dividend of $1.88 and a dividend yield of 11.17%. Kimbell Royalty Partners’ dividend payout ratio (DPR) is currently 296.01%.

Separately, director Mitch S. Wynne sold 13,689 shares of the company in a trade on Thursday, March 10. The stock was sold at an average price of $16.18, for a total transaction of $221,488.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. Additionally, insider Blayne Rhynsburger sold 2,000 shares in a trade on Tuesday, March 15. The shares were sold at an average price of $15.45, for a total value of $30,900.00. The disclosure of this sale can be found here. Insiders sold 4,015,608 shares of the company valued at $60,411,170 in the past 90 days. Company insiders own 5.60% of the company’s shares.

Several institutional investors have recently increased or reduced their stake in KRP. Fifth Third Bancorp purchased a new stake in shares of Kimbell Royalty Partners during the fourth quarter at a value of $27,000. Dorsey Wright & Associates purchased a new stake in shares of Kimbell Royalty Partners during the fourth quarter at a value of $52,000. Accel Wealth Management increased its position in shares of Kimbell Royalty Partners by 40.0% during the first quarter. Accel Wealth Management now owns 7,000 shares of the energy company valued at $114,000 after buying an additional 2,000 shares in the last quarter. Simmons Bank purchased a new stake in shares of Kimbell Royalty Partners during the fourth quarter at a value of $147,000. Finally, HighTower Advisors LLC bought a new position in Kimbell Royalty Partners in the third quarter worth approximately $152,000. 28.88% of the stock is currently held by institutional investors.

Company Profile Kimbell Royalty Partners (Get a rating)

Kimbell Royalty Partners, LP, together with its subsidiaries, acquires and holds mineral interests and royalties in oil and gas properties in the United States. As of December 31, 2021, it held mineral interests and royalties on approximately 11.4 million gross acres and overriding royalty interests on approximately 4.7 million gross acres.

Featured articles

Get a Free Copy of Zacks’ Research Report on Kimbell Royalty Partners (KRP)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

Earnings history and estimates for Kimbell Royalty Partners (NYSE:KRP)



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