Eschler Asset Management LLP Makes New Investment in Vox Royalty Corp. $VOXR

Eschler Asset Management LLP acquired a new stake in shares of Vox Royalty Corp. (NASDAQ:VOXR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 102,000 shares of the company’s stock, valued at approximately $481,000. Vox Royalty accounts for 0.9% of Eschler Asset Management LLP’s investment portfolio, making the stock its 29th largest holding. Eschler Asset Management LLP owned 0.15% of Vox Royalty as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Legal & General Group Plc bought a new position in shares of Vox Royalty during the 2nd quarter valued at approximately $30,000. Banque Cantonale Vaudoise bought a new stake in Vox Royalty in the first quarter worth $32,000. AQR Capital Management LLC purchased a new position in Vox Royalty during the fourth quarter worth $50,000. Oppenheimer Asset Management Inc. purchased a new position in Vox Royalty during the second quarter worth $51,000. Finally, ProShare Advisors LLC bought a new position in Vox Royalty during the fourth quarter valued at $52,000. 45.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on VOXR. Wall Street Zen downgraded shares of Vox Royalty from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. BMO Capital Markets reiterated an “outperform” rating on shares of Vox Royalty in a report on Friday, May 15th. Zacks Research raised shares of Vox Royalty from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Roth Capital set a $7.75 price objective on shares of Vox Royalty in a research note on Tuesday, August 18th. Finally, Weiss Ratings lowered Vox Royalty from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $7.75.

Vox Royalty Trading Up 1.4%

Shares of VOXR opened at $5.84 on Tuesday. The firm has a fifty day moving average price of $4.80 and a 200-day moving average price of $5.29. The firm has a market capitalization of $405.60 million, a P/E ratio of 8.72 and a beta of 0.53. Vox Royalty Corp. has a 12-month low of $3.35 and a 12-month high of $6.70.

Vox Royalty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.015 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.0%. Vox Royalty’s dividend payout ratio is presently 8.96%.

Vox Royalty 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.