Roth Mkm Reiterates Buy Rating for Vox Royalty (NASDAQ:VOXR)

Vox Royalty (NASDAQ:VOXR)‘s stock had its “buy” rating reaffirmed by equities research analysts at Roth Mkm in a research report issued on Monday,Benzinga reports. They currently have a $8.00 target price on the stock. Roth Mkm’s target price indicates a potential upside of 67.54% from the company’s current price.

A number of other equities analysts have also recently issued reports on the stock. BMO Capital Markets reiterated an “outperform” rating on shares of Vox Royalty in a research report on Friday, May 15th. Zacks Research upgraded shares of Vox Royalty from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Wall Street Zen raised shares of Vox Royalty from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. Finally, Weiss Ratings downgraded shares of Vox Royalty from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 5th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $8.00.

Vox Royalty Trading Down 2.9%

NASDAQ VOXR traded down $0.14 during trading on Monday, hitting $4.78. 147,888 shares of the company’s stock were exchanged, compared to its average volume of 576,688. The company has a market cap of $329.00 million, a PE ratio of 11.36 and a beta of 0.41. Vox Royalty has a fifty-two week low of $3.03 and a fifty-two week high of $6.70. The stock’s 50 day moving average price is $5.54 and its two-hundred day moving average price is $5.39.

Vox Royalty (NASDAQ:VOXR) last posted its quarterly earnings results on Monday, March 30th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.05). The company had revenue of $7.36 million during the quarter, compared to analyst estimates of $5.88 million. Vox Royalty had a net margin of 190.73% and a return on equity of 8.16%. Analysts forecast that Vox Royalty will post 0.2 earnings per share for the current fiscal year.

Institutional Trading of Vox Royalty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VOXR. Banque Cantonale Vaudoise bought a new position in Vox Royalty during the 1st quarter worth approximately $32,000. AQR Capital Management LLC bought a new stake in Vox Royalty during the 4th quarter valued at $50,000. ProShare Advisors LLC bought a new stake in Vox Royalty during the 4th quarter valued at $52,000. XTX Topco Ltd acquired a new position in Vox Royalty during the second quarter worth $56,000. Finally, BNP Paribas Financial Markets raised its holdings in Vox Royalty by 160.2% during the third quarter. BNP Paribas Financial Markets now owns 13,313 shares of the company’s stock worth $57,000 after buying an additional 8,196 shares during the last quarter. Institutional investors and hedge funds own 45.95% of the company’s stock.

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.