Vox Royalty (NASDAQ:VOXR) Downgraded by Wall Street Zen to Hold

Wall Street Zen downgraded shares of Vox Royalty (NASDAQ:VOXR) from a buy rating to a hold rating in a research report released on Sunday.

Several other equities research analysts have also recently issued reports on VOXR. Zacks Research cut Vox Royalty from a “hold” rating to a “strong sell” rating in a report on Monday, April 6th. Weiss Ratings restated a “hold (c)” rating on shares of Vox Royalty in a research report on Friday, March 27th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce”.

Vox Royalty Stock Performance

VOXR stock opened at $5.95 on Friday. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.06. Vox Royalty has a 12-month low of $2.97 and a 12-month high of $6.59. The stock has a market cap of $409.96 million, a price-to-earnings ratio of 85.00 and a beta of 0.36. The business’s 50-day moving average is $5.54 and its 200 day moving average is $5.08.

Vox Royalty (NASDAQ:VOXR) last posted its quarterly earnings data on Monday, March 30th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.05). Vox Royalty had a return on equity of 0.71% and a net margin of 35.42%.The firm had revenue of $7.36 million during the quarter, compared to analyst estimates of $5.88 million. On average, sell-side analysts anticipate that Vox Royalty will post 0.11 EPS for the current fiscal year.

Vox Royalty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 14th. Investors of record on Tuesday, March 31st were given a dividend of $0.015 per share. The ex-dividend date was Tuesday, March 31st. This represents a $0.06 dividend on an annualized basis and a yield of 1.0%. Vox Royalty’s payout ratio is presently 85.71%.

Hedge Funds Weigh In On Vox Royalty

A number of institutional investors and hedge funds have recently bought and sold shares of VOXR. Geode Capital Management LLC acquired a new position in Vox Royalty during the second quarter worth about $1,672,000. JPMorgan Chase & Co. acquired a new position in Vox Royalty during the second quarter worth about $71,000. XTX Topco Ltd acquired a new position in Vox Royalty during the second quarter worth about $56,000. Russell Investments Group Ltd. boosted its position in Vox Royalty by 49.6% during the second quarter. Russell Investments Group Ltd. now owns 413,496 shares of the company’s stock worth $1,307,000 after acquiring an additional 137,019 shares during the last quarter. Finally, New York State Common Retirement Fund acquired a new position in Vox Royalty during the second quarter worth about $97,000. 45.95% of the stock is currently owned by institutional investors and hedge funds.

Vox Royalty Company Profile

Vox Royalty Corp. is a mining royalty and streaming company that acquires interest in precious and base metal projects around the world. By investing in royalty and metal stream agreements, the company provides non-dilutive financing to exploration and mining operators in exchange for a percentage of production revenue or metal offtake. This model allows Vox Royalty to build a steady cash-flow profile without the operational risks and capital expenditures associated with direct mine ownership.

Since its founding in 2018 and subsequent listing on the TSX Venture Exchange, Vox Royalty has assembled a diversified portfolio of royalty and stream interests covering gold, silver, copper, zinc, nickel and other battery metals.