Vox Royalty (NASDAQ:VOXR) Downgraded to “Buy” Rating by Wall Street Zen

Wall Street Zen lowered shares of Vox Royalty (NASDAQ:VOXR) from a strong-buy rating to a buy rating in a report released on Saturday.

Other analysts have also issued research reports about the company. Zacks Research raised Vox Royalty from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. Roth Capital reaffirmed a “buy” rating and set a $8.00 target price on shares of Vox Royalty in a research report on Monday, June 29th. BMO Capital Markets reissued an “outperform” rating on shares of Vox Royalty in a report on Friday, May 15th. Finally, Weiss Ratings downgraded shares of Vox Royalty from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $8.00.

Vox Royalty Trading Up 1.4%

NASDAQ:VOXR opened at $5.04 on Friday. The firm has a market capitalization of $350.03 million, a PE ratio of 12.00 and a beta of 0.53. Vox Royalty has a 1 year low of $3.13 and a 1 year high of $6.70. The firm’s fifty day simple moving average is $4.78 and its 200 day simple moving average is $5.29.

Vox Royalty (NASDAQ:VOXR) last released its quarterly earnings results 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. The company had revenue of $16.04 million during the quarter, compared to analysts’ expectations of $7.72 million. Vox Royalty had a net margin of 190.73% and a return on equity of 8.16%. As a group, analysts anticipate that Vox Royalty will post 0.2 EPS for the current fiscal year.

Vox Royalty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th were paid a $0.015 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.2%. Vox Royalty’s dividend payout ratio is currently 14.29%.

Institutional Trading of Vox Royalty

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in Vox Royalty during the second quarter worth about $30,614,000. Ashford Capital Management Inc. grew its stake in shares of Vox Royalty by 13.8% in the 1st quarter. Ashford Capital Management Inc. now owns 3,586,900 shares of the company’s stock valued at $18,795,000 after purchasing an additional 434,530 shares during the period. U S Global Investors Inc. grew its stake in shares of Vox Royalty by 6.4% in the 1st quarter. U S Global Investors Inc. now owns 1,662,000 shares of the company’s stock valued at $8,709,000 after purchasing an additional 100,000 shares during the period. Geode Capital Management LLC raised its holdings in shares of Vox Royalty by 36.7% in the 4th quarter. Geode Capital Management LLC now owns 733,661 shares of the company’s stock worth $3,478,000 after buying an additional 197,117 shares in the last quarter. Finally, McAlvany Wealth Management LLC lifted its position in shares of Vox Royalty by 33.5% during the 1st quarter. McAlvany Wealth Management LLC now owns 733,415 shares of the company’s stock worth $3,513,000 after buying an additional 184,002 shares during the period. Institutional investors own 45.95% of the company’s stock.

About Vox Royalty

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.