McAlvany Wealth Management LLC Buys 184,002 Shares of Vox Royalty Corp. $VOXR

McAlvany Wealth Management LLC lifted its stake in shares of Vox Royalty Corp. (NASDAQ:VOXR) by 33.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 733,415 shares of the company’s stock after purchasing an additional 184,002 shares during the period. Vox Royalty accounts for 2.2% of McAlvany Wealth Management LLC’s investment portfolio, making the stock its 18th biggest holding. McAlvany Wealth Management LLC owned approximately 1.06% of Vox Royalty worth $3,513,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of VOXR. Ashford Capital Management Inc. bought a new position in Vox Royalty during the third quarter valued at $10,997,000. Geode Capital Management LLC bought a new stake in shares of Vox Royalty in the second quarter valued at $1,672,000. Alyeska Investment Group L.P. purchased a new position in shares of Vox Royalty during the 3rd quarter valued at $1,828,000. Walleye Capital LLC lifted its position in shares of Vox Royalty by 85.5% during the 4th quarter. Walleye Capital LLC now owns 691,536 shares of the company’s stock valued at $3,278,000 after buying an additional 318,762 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Vox Royalty by 92.2% during the 4th quarter. State Street Corp now owns 556,316 shares of the company’s stock worth $2,644,000 after acquiring an additional 266,938 shares during the period. Institutional investors own 45.95% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on VOXR. Wall Street Zen raised Vox Royalty from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. Weiss Ratings downgraded shares of Vox Royalty from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 5th. Zacks Research upgraded shares of Vox Royalty from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. BMO Capital Markets reiterated an “outperform” rating on shares of Vox Royalty in a research note on Friday, May 15th. Finally, Roth Capital reiterated a “buy” rating and issued a $8.00 target price on shares of Vox Royalty in a research note on Monday, June 29th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $8.00.

Vox Royalty Price Performance

NASDAQ:VOXR opened at $4.14 on Friday. Vox Royalty Corp. has a 1 year low of $3.13 and a 1 year high of $6.70. The stock’s fifty day moving average price is $5.25 and its two-hundred day moving average price is $5.32. The company has a market cap of $287.52 million, a P/E ratio of 9.86 and a beta of 0.50.

Vox Royalty (NASDAQ:VOXR) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.28. Vox Royalty had a return on equity of 8.16% and a net margin of 190.73%.The company had revenue of $16.04 million for the quarter, compared to analyst estimates of $7.72 million. On average, analysts expect that Vox Royalty Corp. will post 0.2 earnings per share for the current fiscal year.

Vox Royalty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th were issued a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, June 30th. Vox Royalty’s dividend payout ratio is presently 14.29%.

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.